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HSBC shares suffer biggest fall since the pandemic as China write-off takes chunk out of profits

The slump knocked about £10bn off the value of the lender even as it reported a 78% surge in annual pre-tax profits to £24bn. The shares fell 8.4%, or 54p.

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HSBC profits plummet 80% after charge on Chinese bank stake

Shares slide as lender takes several charges in ‘messy’ final quarter of 2023

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HSBC shares plunge after China crisis sparks messy quarter

HSBC was stung by China’s economic slowdown after a “messy” quarter including a $3bn (£2.4bn) writedown sent its share price tumbling by 8pc in one of the worst falls in the bank’s history.

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HSBC shares suffer biggest fall since the pandemic as China write-off takes chunk out of profits

The slump knocked about £10bn off the value of the lender even as it reported a 78% surge in annual pre-tax profits to £24bn. The shares fell 8.4%, or 54p.

United kingdomUnited statesCity ofHong kongNoel quinnJane fraserChina bankGoldman sachsStandard charteredFirst ladyWall street

Joe the Rainmaker? Payments, deals followed key Biden meetings with son s foreign associates

Joe the Rainmaker? Payments, deals followed key Biden meetings with son s foreign associates
freerepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freerepublic.com Daily Mail and Mail on Sunday newspapers.

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