News
HSBC profits slide 29% on hit from China and restructuring
The UK-based lender, which generates the bulk of its profits in Asia, also recorded a $2.1bn impairment on its stake in China’s Bank of Communications after the country’s finance ministry recapitalised the lender. HSBC last year reported a $3bn charge on the value of its stake in the Chinese bank.
In its latest earnings report, HSBC chalked up a less-than-stellar performance in Q2 to a struggling Hong Kong office market.
The London-based bank reported a drop in second-quarter net profit and said it plans to initiate a share buyback of up to $3 ...
Outgoing board head Mark Tucker churned through CEOs and steered the $220 bln bank’s vast overhaul. Now, with the right boss ...
CEO Georges Elhedery flagged “structural challenges” to the global economy that have caused uncertainty and market volatility ...
Stocktwits on MSN2d
HSBC’s Swiss Private Bank Hit By Money Laundering Probe, Q2 Profit SlumpsHSBC said on Wednesday that local and French law enforcement agencies are investigating its Swiss private bank in connection ...
The boss of HSBC has warned Rachel Reeves that a punishing new tax raid would deliver a hammer blow to the UK economy.
The boss of HSBC has joined his 'Big Four' banking chiefs in sending a warning to Rachel Reeves over tax concerns.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback