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"HSBC owns more than $515m of Amadeus IT Holding shares after failing to find buyers for a stake in the travel reservations company.Bloomberg reports that HSBC, which attempted to place a block of Amadeus shares last week, holds 5.4% of the company, the bank said in a filing to the Spanish financial regulator this week. The Financial Times says that block trades involve a bank buying discounted stock from large shareholders and then selling the shares at a higher price. They are trickier to price and have recently left bankers holding on to unwanted equity as they compete for deals. 'If you get the wrong price then it is going to be a difficult execution. I would categorise the price as very tight&amp;thinsp;.&amp;thinsp;.&amp;thinsp;.&amp;thinsp;Everyone looks at the price on the screen and asks: what discount are you offering me for this ?', a rival&amp;nbsp;banker told the newspaper. HSBC Left With EU400 Million Amadeus Stake as Sale Flops HSBC left holding Amadeus stake&amp;nbsp;(subscriber content) &amp;nbsp;And the Best Place to Work in the global financial markets 2015 is..."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.hitc.com/en-gb/2012/11/23/hsbc-left-holding-the-baby-as-sale-flops/>