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HSBC profit in Q2 stung by higher costs, China charge
HSBC Holdings Plc shareholders wiped out about $9.4 billion of the firm’s market capitalization after quarterly earnings fell short of expectations as Chief Executive Officer Georges Elhedery pushes through an increasingly expensive restructuring of the firm.
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 ...
Michael Makdad, senior equity analyst at Morningstar, looks back on HSBC's interim earnings, and how some of the broader ...
Legit on MSN1d
HSBC banks lower profits on higher costs
Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was "well ...
HSBC Holdings Plc is asking all managing directors to work in the office for at least four days a week starting in October, ...
GlobalData on MSN1d
HSBC reportedly considers selling Australian retail bank
The potential sale, managed by Citi, could attract local lenders seeking to expand their credit card offerings.
The HSBC share price plummeted in Hong Kong after the company reported weaker-than-expected results and announced a $3 billion share buyback.
Jeroen Krens has stepped down as chair of the International Swaps and Derivatives Association – a role he held for just seven ...
HSBC Holdings Plc’s earnings for the second quarter fell short of expectations after it posted a rise in expenses and took a ...
BAE Systems also came under pressure, falling 24p to 1797p despite its upgrade to 2025 guidance. GSK also surrendered initial ...
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