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HSBC first-quarter profit tops expectations

Reuters on MSN · 2h

HSBC launches $3 billion buyback after Q1 profit drop, raises tariff alarm

HSBC launched a $3 billion share buyback after reporting a 25% fall in first-quarter profit on Tuesday, and warned of a possible hit to loan demand and credit quality in the face of U.S. President Donald Trump's global trade war.

The Wall Street Journal on MSN · 3h

HSBC Reports Lower Quarterly Profit, Announces $3 Billion Share Buyback

The London-based bank announced a share buyback of up to $3 billion as it reported a drop in first-quarter net profit.

NBC New York · 3h

HSBC announces share buyback of up to $3 billion as first-quarter results top expectations

Profit before tax declined 25% on a year-on-year basis, while revenue fell 15% from last year. Pre-tax profit, however, soared nearly 317% from the previous quarter.

2h

HSBC Faces $1.6 Billion Charge as China Recapitalizes BoCom

HSBC Holdings Plc said it expects to record a pretax loss of as much as $1.6 billion as China’s Finance Ministry ...

2hon MSN

HSBC sees up to $1.6 billion in loss on China bank stake reduction

HSBC said on Tuesday that its stake in Bank of Communications (BOCOM) will drop to about 16% from 19.03%, and it will book a ...

1hon MSN

HSBC shares jump as lender ups bad loan provisions after tariff chaos

HSBC increased provisions for loan losses in its first-quarter report, as trade war woes clouded the lender’s results.

3h

HSBC Sticks With Share Buybacks After Stock Whacked by Trade War

HSBC Holdings Plc announced a fresh buyback for shareholders despite an increasingly fragile geopolitical backdrop that has ...

Business Matters1h

HSBC sets aside $876m for bad loans amid fallout from Trump’s trade war

HSBC sets aside $876m for bad loans as Trump’s tariffs disrupt global trade, with the Asia-focused bank warning of further ...

9m

Canara HSBC Life Insurance files DRHP with SEBI to launch IPO

Canara Robeco AMC operates through a multi-channel distribution network, including third-party distributors, its own branches ...

20m

Under the OFS, Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Limited, and Punjab National Bank will sell their stake.

Canara HSBC Life Insurance Company Limited has filed its draft red herring prospectus (DRHP) with the market regulator, ...

The Independent29m

HSBC warns over possible hit from significantly higher global tariffs

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing.

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