Pedestrians walk past a branch of the British multinational banking and financial services holding company, The Hongkong and Shanghai Banking Corporation, or HSBC, in New York City.HSBC reported an 11% drop in revenue and a 36% slide in pre-tax profits for the third quarter on Thursday.
"I'm pleased with the significantly lower credit losses in the quarter, and we are moving at pace to adapt our business model to a protracted low interest rate environment," CEO Noel Quinn said in the earnings release.HSBC's posted lower revenue and profits in the third quarter as the coronavirus pandemic weighed on its operations.
"These were promising results against a backdrop of the continuing impacts of Covid-19 on the global economy," CEO Noel Quinn said in the earnings release.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Is relocation to Hong Kong still on the agenda?
90% of news about covid and trump
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside yachting's sexual harassment and bullying problem - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. capthlr how true is this?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside independent ad agency The Richards Group's problematic culture - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock picks to buy, companies poised to beat on Q3 earnings: BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I wouldn’t. Over the past month, company growth and beating earnings expectations have failed to boost stocks. The market is being held hostage by stimulus talks. Wall Street is essentially a big zombie company, and Treasury/Pelosi is Robinhood.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amex's Q3 earnings show pandemic recovery despite declines in some categories - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 👍👍
Source: BusinessInsider - 🏆 729. / 51 Read more »
SAP stock price plunges after 2020 outlook downgrade - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Serves them right. They have been gouging customers too long.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider webinar: How to invest ahead of 2020 election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I think there is a mistake coz you put Tom Lee's picture instead. You're welcome.
Source: BusinessInsider - 🏆 729. / 51 Read more »