Arab Today, arab today hsbc reports 18 fall in profits
Last Updated : GMT 12:19:39
Arab Today, arab today
Arab Today, arab today

HSBC reports 18% fall in profits

Arab Today, arab today

Arab Today, arab today HSBC reports 18% fall in profits

HSBC reports 18% fall in profits
London - QNA

Banking giant HSBC posts an 18% drop in profits for the first quarter, citing "challenging market conditions". Profit before tax came in at $6.1bn for the three months to March, down from $7.1bn a year ago, the (BBC) reported.

    A conference call scheduled for later in the day could offer clues on possible further cost-cuts. The lender had flagged earlier in the year that it would impose a global freeze on pay and hiring to cut costs by the end of 2017. 

    HSBC's adjusted revenue for the first quarter amounted to $13.9bn, a 4% drop from the same time last year. The bank also mentioned in the earnings release that the development of its Asia business was gaining momentum, "despite a challenging environment with key increases in market share in debt capital markets, China M&A and syndicated lending". 

    HSBC has had its headquarters in the UK since 1993, but the financial institution makes most of its money overseas, and Asia accounts for the majority of its profit. The bank's shares are listed in London, Paris, New York and Hong Kong. HSBC shares in Hong Kong were down by 1.35% before the quarterly results were announced.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hsbc reports 18 fall in profits Arab Today, arab today hsbc reports 18 fall in profits

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hsbc reports 18 fall in profits Arab Today, arab today hsbc reports 18 fall in profits

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday