40836
HSBC Profit Lower
World Economy

HSBC Profit Lower

HSBC Holdings PLC says its latest quarterly profit fell 18% from a year earlier due to global market volatility, AP reported. The London-based bank said Tuesday it earned $5.4 billion in the three months ending March 31 on revenue of $15 billion. It said revenue was down from $15.9 billion the same period a year earlier. In a statement, chief executive Stuart Gulliver blamed “extreme levels of volatility” in January and February that he said hurt revenue in HSBC’s markets and wealth management businesses. Gulliver said despite that the bank increased revenue from savings accounts in Hong Kong and the United Kingdom and personal lending in Asia and Mexico.

 

Short URL : http://goo.gl/gjxB0V
  1. http://goo.gl/CT0xxB
  • http://goo.gl/57tOBb
  • http://goo.gl/GrMbX9
  • http://goo.gl/K2Qbui
  • http://goo.gl/CiC8bQ

You can also read ...

Blue Economy Movement Gaining Traction in Africa
An increasing number of African countries are now embracing...
Japanese Prime Minister Shinzo Abe (C) speaks as European Commission President Jean-Claude Juncker (L) and European Council President Donald Tusk listen during  a joint press conference at Abe’s official residence in Tokyo on July 17.
Japan and the European Union signed a landmark deal on Tuesday...
The trade war began when Donald Trump introduced tariffs on imported steel and aluminum.
Rising trade tensions between the United States and the rest...
There are indications that investments in digital economy will...
The parliament approved a five billion pound start-up capital for the fund called “Egypt Fund”.
Egypt is setting up a sovereign wealth fund with a capital of...
Striking Amazon Employees in Europe Demand Better Working Conditions
Thousands of workers walked off their jobs on Tuesday at...
SNB to Raise Rates in 2019
The Swiss National Bank will continue tracking its eurozone...
Canada Growth Robust, Housing Sector Cooling
On July 13, the executive board of the International Monetary...

Trending

Googleplus