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HSBC first-half profit plunges 65%, warns loan losses could hit $13 billion

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HSBC Holdings PLC warned of rising bad debt charges and a falling core capital ratio after posting a higherthanexpected 65% tumble in firsthalf pretax profit as the coronavirus pandemic hit the bank's business worldwide.

from Top Business News- News18.com
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HSBC first-half profit plunges 65%, warns loan losses could hit $13 billion HSBC first-half profit plunges 65%, warns loan losses could hit $13 billion Reviewed by Team Exprssnews on August 02, 2020 Rating: 5

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