Tag
Credit Losses
2 articles
HSBC Q1 Profit Down 1% Credit Losses
HSBC reported Q1 profit before tax of $9.4 bn, down 1% YoY, as higher credit losses offset revenue growth.
Revenue rose 6% to $18.6 bn, driven by strong wealth fee income and an 8% increase in net int
HSBC Profit Down 1% on Credit Losses
HSBC reported pre‑tax profit of $9.4 bn for Q1, a 1 % decline year‑on‑year.
Revenue rose 6 % to $18.6 bn, driven by strong wealth fees and an 8 % increase in net interest income to $8.9 bn.
Expected c