Hang Seng Bank Ltd. said its net profit for the first half fell 33% as Hong Kong wrestled with weaker economic activity amid the Covid-19 pandemic, trade tensions and social unrest. Net profit for the ... ( read original story ...)
HSBC first-half profit plunges 65%, warns loan losses could hit $13 billion
HSBC Holdings PLC warned of rising bad debt charges and a falling core capital ratio after posting a higher-than-expected 65% tumble in first-half pre-tax profit as the coronavirus pandemic hit the ... ( read original story ...)
HSBC first-half profit plunges more-than-expected 65% on loan provisions
HSBC Holdings PLC posted a higher-than-expected 65% tumble in first-half pre-tax profit as the coronavirus pandemic and its impact on businesses forced the Asia-focused bank to boost its loan-loss ... ( read original story ...)
HSBC profits hammered by pandemic and soaring US-China tensions
HSBC on Monday said profits for the first half of 2020 plunged by 69 percent on year as the banking giant was hammered by the coronavirus pandemic and spiralling China-US tensions. Chief executive Noe ... ( read original story ...)
HSBC provisions against bad debts could touch $13b this year
London/Hong Kong: HSBC Holdings posted a higher-than-expected 65 per cent tumble in first-half pre-tax profit as the coronavirus pandemic and its impact on businesses forced the Asia-focused bank to ... ( read original story ...)
HSBC Warns of $13 Billion in Loan Losses After Profit Miss
HSBC Holdings Plc fell short of profit estimates as Europe’s biggest lender signaled worsening loan losses weighed down by the global pandemic. The lender has faced a challenging start to the year ... ( read original story ...)
Here’s what you need to know about HSBC’s upcoming interim results
HSBC is scheduled to release its financial report for the first six months of this year at 12 p.m. HK/SIN time. ( read original story ...)
HSBC profits slump 82% as bank preps for loan losses
HONG KONG -- HSBC Holdings reported a 82% slump in second-quarter profit on Monday as it ratcheted up provisions for loan losses due to the coronavirus pandemic and warned of the fallout from mounting ... ( read original story ...)
HSBC’s profits slump 65% amid coronavirus downturn
HSBC's pre-tax profits for the first half of this year have plunged 65% as it battles the coronavirus downturn. The UK's biggest bank posted profits of $4.3bn, compared to $12.4bn for the same period ... ( read original story ...)
Goldman, BofA Left Off Ant IPO for Work With Alibaba Rivals
Goldman Sachs Group Inc. and Bank of America Corp. were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people ... ( read original story ...)
Hong Kong Stock Market May Find Traction On Monday
The Hong Kong stock market has finished lower in two straight sessions, sliding almost 290 points or 1.3 percent along the way. The ... ( read original story ...)
Class of 2020: No fear when you know you can always find a job
I was honoured to have had the opportunity two weeks ago to host a Zoom learning session on how to find a job (in times when unemployment is at an all-time high) with a select group of graduates from ... ( read original story ...)
Grim times: without jobs, some in Hong Kong tighten belts and deplete savings as they face an uncertain future
Pandemic robs Hong Kong families of livelihoods, leaving many anxious, desperate for better times. This is the first instalment of a five-part series in which the Post takes a look at unemployment in ... ( read original story ...)
Goldman, BofA Left Off Ant IPO After Working for Alibaba Rivals
Goldman Sachs Group Inc. and Bank of America Corp. were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people ... ( read original story ...)