LONDON—HSBC Holdings PLC’s net profit fell in the second quarter as the impact of the coronavirus pandemic complicated the bank’s efforts to refocus on Asia while dealing with rising U.S.-China political tensions.
Profit for the global bank with Asian roots fell 96% to $192 million in the three months ended June. The London-based lender set aside $3.83 billion in provisions for losses from loans during the quarter, almost seven times more than in the same period last year. HSBC set aside $3 billion of provisions in the first...
A bank that got its start selling drugs.
I thought HSBC was a drug money laundering bank and had been been shut down ‘ sorry don’t keep up with banks
JFC
ירידה של 96% ברווח זה טוב נכון roh_min_hon
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