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HSBC's profits plunged 51% last quarter as the coronavirus pandemic battered the bank | Markets InsiderHSBC posted first-quarter earnings on Tuesday that fell short of Wall Street forecasts. The British bank's adjusted revenues slid 6%, and a surg...
Source: BusinessInsider - 🏆 729. / 51 Read more »
HSBC Sets Aside $3 Billion for Loan Losses as Profit DivesHSBC, Europe’s largest bank by assets, said its net profit for the first quarter sank as it significantly raised provisions against losses from borrowers hit by the coronavirus Hold on. My overdraft charges aren’t collected until May 4th. That should set things right!😂 One of, if not thee most corrupt banks on the planet.
Source: WSJ - 🏆 98. / 63 Read more »
Airbus first-quarter profit plunges as coronavirus crisis starts to biteAirbus on Wednesday posted a 49% slump in first-quarter core profit and called for an industry-wide campaign to restore confidence in flying after the coronavirus pandemic triggered the 'gravest crisis the aerospace industry has ever known'.
Source: Reuters - 🏆 2. / 97 Read more »
HSBC Profits Plunge As Europe’s Biggest Bank Faces Coronavirus HitI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you. Money laundering is affected by covid? Worst bank on the planet. How sad. Wiping away my tears...
Source: Forbes - 🏆 394. / 53 Read more »
VW says expects to be profitable in 2020 as first-quarter earnings dropVolkswagen on Wednesday said it expected to be profitable on a full-year basis even as the coronavirus pandemic caused first-quarter earnings to plunge. How will that be even possible Miss PAC-Man special Edition Limited Goöf R ;) WV WolksVagën looks like pacman
Source: Reuters - 🏆 2. / 97 Read more »
Tesla turns a surprise profit despite coronavirus factory shutdowns - Business InsiderShares of Elon Musk's electric automaker spiked as much as 8% following the earnings that easily topped Wall Street expectations. This should become the stock photo for elonmusk from now on. This is what happens when you are not bogged down by Union labor costs and blood-sucking auto dealers.
Source: BusinessInsider - 🏆 729. / 51 Read more »