HSBC earnings - updates

Rappler's latest stories on HSBC earnings


HSBC profits halved as virus batters global economy

Apr 28, 2020 - 3:00 PM

HSBC reports pre-tax profits of $3.2 billion in the 1st quarter of 2020, down 48% from the same period in 2019, citing credit losses from clients struck by the economic slowdown

GLOBAL BANK. An HSBC branch on the outskirts of Paris, France, June 30, 2009. Photo by Loic Venance/AFP

HSBC axes 35,000 jobs as profits slump

Feb 18, 2020 - 5:45 PM

Banking giant HSBC plans to cut its global workforce by 15% over the next 3 years

(FILES) This file photograph taken on June 30, 2009, shows the logo of international banking firm HSBC on display in the business district of La Defense, om the outskirts of Paris. - HSBC announced a radical overhaul on February 18, 2020, including plans to slash 35,000 jobs and slim operations in the United States and Europe, after profits slid by a third last year. The Asia-focused lender has been trying to lower costs as it faces a multitude of uncertainties caused by the grinding US-China trade war, Britain's departure from the European Union and now the deadly new coronavirus in China. (Photo by Loic VENANCE / AFP)

HSBC profits plunge as Brexit uncertainty bites

Aug 03, 2016 - 10:05 PM

The bank s earnings after tax drop 40 to 2 61 billion in the second quarter of 2016

epa05202261 The Hong Kong and Shanghai Banking Corporation's (HSBC) logo on the side of the HSBC building in the financial district of Singapore, 09 March 2016. EPA/WALLACE WOON

HSBC 2015 results disappoint amid 'seismic' economic shifts

Feb 22, 2016 - 6:00 PM

UPDATED The bank also reveals it is under investigation over its hiring practices in Asia Pacific

epa05161638 (FILE) A file picture dated 09 June 2015 shows a pedestrian walking past a HSBC bank branch in London, Britain. Multinational banking giant HSBC will keep its headquarters in London, ending deliberation of a potential plan to relocate to Hong Kong, the company announced late 14 February 2016. The bank's 19-member board voted unanimously to remain in Britain, the company said in a statement. The decision, made following a 10-month review, was seen as a victory for Britain's finance sector. 'London is one of the world's leading international financial centers and home to a large pool of highly skilled international talent. It remains therefore ideally positioned to be the home base for a global financial institution such as HSBC,' the bank said in a statement. 'Asia remains at the heart of the Group's strategy,' the company added, noting that 'Hong Kong will play a pivotal role.' HSBC's Hong Kong-listed shares rose 3.5 percent on 15 February 2016 in early trading. EPA/ANDY RAIN