HSBC’s Capital Need Could Reach $119 Billion By 2019

According to a recent report from Forensic Asia, HSBC Holdings plc (ADR) (NYSE:HSBC) could need new capital between $58.3 billion and $110.6 billion to comply with the 2019 Basel III milestone. Thomas J. Monaco and Andrew Haskins of Forensic Asia in their recent coverage assigned a Sell rating to HSBC. Basel III milestone According to the Forensic Asia analysts, the level of questionable assets on the HSBC Group’s balance sheet amounts to between $63.6 billion and $92.3 billion. They believe the HSBC Group is in even more of a quandary today as post-QE blues have added to HSBC’s legacy-problem assets….