LONDON BRIEFING: Lender HSBC Expects "Materially" Lower Profit In 2020
LONDON BRIEFING: Lender HSBC Expects "Materially" Lower Profit In 2020
Read moreLONDON BRIEFING: Lender HSBC Expects "Materially" Lower Profit In 2020
Read moreLONDON MARKET PRE-OPEN: BP Profit Drops 67% Amid "Demand Destruction"
Read more(Sharecast News) - HSBC's first-quarter profit almost halved as the bank set aside $3bn (£2.4bn) for credit losses after the Covid-19 crisis took its toll on financial performance.
Read moreTOP NEWS: HSBC First Quarter Profit Hit By Increased Credit Losses
Read more* Q1 pretax profit at $3.2 bln versus $3.7 bln estimate* Expected credit impairment charges increased to $3 bln* Takes significant charge due to Singapore corporate exposure* Sees 2020 credit loss provisions in range of $7-$11 billion (Adding divi...
Read moreLONDON, April 27 (Reuters) - Banks in the European Union are to get more capital relief to help companies struggling in the coronavirus pandemic and avoid crippling provisions for loans hit by a looming deep recession, sources said on Monday.The b...
Read more(Sharecast News) - The Bank of England has warned UK lenders to exercise restraint in booking charges for expected bad debts to preserve their capital positions.
Read more(Sharecast News) - Boris Johnson is expected to announce plans for easing the lockdown as early as this week after he returned to Downing Street on Sunday night to take full-time control of the coronavirus crisis. The Prime Minister will on Monday morning chair his first meeting of the Covid-19 "war cabinet" since he was taken to hospital more than three weeks ago, and is ready to resume his role hosting televised Number 10 press conferences. - Sunday Telegraph
Read more(Sharecast News) - HSBC Chairman Mark Tucker apologised for the bank's cancelled dividend at an annual general meeting held behind closed doors because of the Covid-19 crisis.
Read more* Bank reiterates February cost-cutting plan* HSBC apologises for dividend cut* HSBC to report first quarter earnings on April 28 (Adds further details)By Lawrence WhiteLONDON, April 24 (Reuters) - HSBC will press ahead with plans to reallocate cap...
Read more* Bank reiterates February cost-cutting plan* HSBC apologises for dividend cut* HSBC to report first quarter earnings on April 28 (Adds voting results, more details)By Lawrence WhiteLONDON, April 24 (Reuters) - HSBC will press ahead with plans to s...
Read moreTOP NEWS: HSBC Says Restructuring Programme Disrupted By Coronavirus
Read more* FTSE 100 down 1.3%, FTSE 250 drops 0.7%* UK retail sales plunge to a record low* Shell, BP both down nearly 3%* Pearson falls on revenue hit from school closures (Updates to close)By Devik Jain and Medha SinghApril 24 (Reuters) - London's FTSE 100...
Read moreHSBC Appoints Former Microsoft Executive Steven Guggenheimer To Board
Read moreLONDON, April 23 (Reuters) - Britain's banks have provided 2.8 billion pounds ($3.5 billion)in emergency loans to small and medium-sized companies under a government-backed scheme to help businesses survive the coronavirus lockdown, an industry gr...
Read more