HSBC’s first-quarter profit fell 28% as it made provisions for souring loans in Russia and China
HSBC Holdings PLC said its profit for the first quarter fell 28% year-over-year, as it made provisions for souring loans in Russia and China, but the banking giant said rising global interest rates would help it hit longer-term targets.
The London-based lender’s profit attributable to ordinary shareholders totaled $2.8 billion in January through March. While earnings had been boosted a year earlier by the release of $435 million of provisions as the from the worst of the Covid-19 pandemic, in the first three months of this year HSBC’s earnings were dented by $642 million of new expected credit losses.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stallions' defense sets the tone in 33-28 victory over GamblersThe Birmingham Stallions capitalized on a number of critical turnovers Saturday night to defeat the Houston Gamblers 33-28 in the USFL’s highest-scoring game of the season.
Weiterlesen »
Notice of Removal of Trading Pairs - 2022-04-28 | Binance SupportFellow Binancians , Binance will remove and cease trading on the following trading pairs at 2022-04-28 03:00 AM (UTC): ATOM/BIDR, FOR/BNB, QI/BNB, YFII/BNB Please note: Users can still trade the ab...
Weiterlesen »
A 28-year-old who made $100,000 in passive income ‘in just one day’ shares 5 books that helped her get startedKat Norton's software training business, Miss Excel, started out as a side hustle in 2020. Now, Miss Excel brings in over $900,000 in passive income per year. Here are five books she says helped her build confidence and achieve success.
Weiterlesen »