Bears circle HSBC
Wednesday, 31 March 2021, 10:55 pm
There is talk in the market of a bear story brewing in HSBC.
Quite what the details are of the story remain to be seen. In fact, so far Betaville has failed to unearth any details or real facts despite trying from the confines of my office (also known as my flat).
Some banks, such as Credit Suisse, that had exposure to Bill Hwang's hedge fund Archegos have seen their share prices hit following losses, so perhaps this bear story is connected to that?..