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HSBC plans multibillion share buyback as profits slump in first quarter
HSBC has announced a multibillion-dollar share buyback plan despite a decline in profits and revenue. The bank stated that economic uncertainties are weighing on business growth, expecting a low single-digit percentage direct impact on group revenue.
First-quarter results at Deutsche Bank AG and HSBC Holdings Plc offered an early glimpse of how two of Europe’s biggest ...
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 ...
HSBC shares rose as the London-based bank unveiled its first quarter results, which showed a big jump in loan loss provisions ...
HSBC Holdings Plc said it expects to record a pretax loss of as much as $1.6 billion as China’s Finance Ministry ...
HSBC increased provisions for loan losses in its first-quarter report, as trade war woes clouded the lender’s results.
Two of Europe’s largest banks set aside more money for soured loans, preparing for the risk that President Trump’s trade war hurts the global economy. London-listed HSBC—a huge funder of international ...
LONDON (AP) — LONDON (AP) — HSBC Holdings PLC (HSBC) on Tuesday reported net income of $6.93 billion in its first quarter. The bank, based in London, said it had earnings of $1.95 per share. The bank ...
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