Europe`s biggest bank-HSBC announced to have 12bn share sale
Why HSBC made this decision?
As the whole world economy downturn...some of the banks have suffered from it,and it`s prolonged problem.More banks found out more ways to solve it,such as got subsidy from the government,sold share to the government and may bought it back after the crisis or merge...
But in this case,HSBC asked to sale shares which might not happen in other banks .The reason is HSBC is Europe`s biggest bank,it has basic number of people who has account in HSBC which might deteminate HSBC made this decision.After HSBC start to sell its shares, more and more people might buy it rapidly and buy as much as they can afford,therefore HSBC can get more financial support and be in an positive circumstance.
Also,get more financial support means become competitive,therefore it has more possibility to resist suck economy crisis
So....it might be a good decision....
