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 ...)
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 ...)
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’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 ...)
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 ...)
Hong Kong third wave: Financial Secretary Paul Chan warns government handouts won’t last, even as Covid-19 piles more pressure on economy
Economic conditions likely to be even tougher in third quarter if Covid-19 crisis endures, Paul Chan says. He warns against long-term reliance on endless government relief measures, looks to Greater ... ( read original story ...)
UPDATE 1-Hong Kong’s mom-and-pop investors squeeze funds as IPOs sizzle
As Hong Kong's stock market prepares for billions of dollars in sales of new shares, global fund managers have a big challenge - competing with the city's army of mom-and-pop investors for a slice of ... ( read original story ...)
Hong Kong’s mom-and-pop investors squeeze funds as IPOs sizzle
As Hong Kong's stock market prepares for billions of dollars in sales of new shares, global fund managers have a big challenge - competing with the city's army of mom-and-pop investors for a slice of ... ( read original story ...)
HSBC treads a fine line between angering China and alienating the west
The bank’s support for Hong Kong laws will see boss Noel Quinn in a tricky spot this week as he reveals its latest results ... ( read original story ...)
REFILE-Hong Kong’s mom-and-pop investors squeeze funds as IPOs sizzle
As Hong Kong's stock market prepares for billions of dollars in sales of new shares, global fund managers have a big challenge - competing with the city's army of mom-and-pop investors for a slice of ... ( read original story ...)
Think About Buying the Hong Kong IPO Didi Chuxing
Didi Chuxing may do an IPO in Hong Kong, as early backer Softbank seeks an exit to raise cash for its Vision Fund 2. ( read original story ...)