ICT budget forecasts in Small Swiss Educational Institutions - Estimated ICT budget breakdowns in 2013
- Language: English
- Published: June 2013
Abstract
Core to HSBC group's private banking operations; Relatively low risk profile, given its concentration on private banking business; and Sound liquidity and capitalization. Quasi monoline business profile; Geographic concentration; Only adequate, but consistently stable, profitability; and Exposure to unforeseen changes in tax or regulatory regimes. The ratings on HSBC Private Bank (Monaco) S.A. (PBM) reflect its ultimate ownership by HSBC Bank PLC (AA-/Stable/A-1+) and its core positioning within the private banking operations of the HSBC group. The ratings also reflect the bank's relatively low risk profile, given the nature of its core private banking business, which provides for sound liquidity and capitalization. In contrast, PBM's relative business and geographic concentration leaves the bank highly exposed to changes in fiscal and...
Companies mentioned in this report are:
- HSBC Private Bank (Monaco) S.A.
- HSBC Bank PLC
- HSBC Holdings PLC
- HSBC Private Banking Holdings (Suisse) S.A.
Action: Review
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- HSBC Private Bank (Monaco) S.A.
- HSBC Bank PLC
- HSBC Holdings PLC
- HSBC Private Banking Holdings (Suisse) S.A.
| Format | Properties | |
|---|---|---|
| Electronic | The report will be emailed to you. |