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HSBC hit by $3bn China writedown amid record annual profits

HSBC has posted record annual profits on the back of higher interest rates and announced a new $2bn share buyback, while its earnings in the final quarter of 2023 were hit by $3bn in charges from its stake in a Chinese bank.

City ofUnited kingdomHong kongBig fourLars mucklejohnChina bankCommunications bocomMark tucker

HSBC s record annual profit marred by US$3 billion China hit; shares slide, Banking & Finance

HSBC s record annual profit marred by US$3 billion China hit; shares slide, Banking & Finance
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

City ofUnited kingdomMatt britzmanHargreaves lansdownNoel quinnChina bankHsbc holdingsCommunications bocom

HSBC s shares slide as $3 billion China bank hit mars record profit

HSBC Holdings on Wednesday reported a shock $3 billion charge on its stake in a Chinese bank amid mounting bad loans in the country, sending the British bank s shares plunging and taking the shine off its record annual profit.

City ofUnited kingdomNoel quinnCommunications bocomChina bankHsbc holdings onExecutive noel quinn

Navigating China s Real Estate Crisis: HSBC Reports Significant Quarterly Profit Drop

HSBC s quarterly profit took a significant hit due to impairment charges on its investments in China s Bank of Communications.

Hong kongNoel quinnGeorge elhederyHargreaves lansdownMatt britzmanMark tuckerHang seng bankChina bankCommunications bocomBank hong kongBank canadaHsbc holdingsEast asia

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.

United kingdomUnited statesHong kongAndrew coombsNoel quinnCommunications bocomGoldman sachsChina bohai bankUnited kingdom basedStandard charteredHong kong governmentNoel quinnShare price

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