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Stock Market & Financial Investment News

News Breaks
May 7, 2014
06:01 EDTHSBCHSBC reports Q1 profit before tax $6.8B vs. $8.5B last year
Reports Q1 revenue $15.71B vs. $17.14B last year. The CRD IV transitional basis CET1 capital ratio was 10.7%, down from 10.8% at December 31, 2013, and the end point CET1 capital ratio was 10.8%, down from 10.9%. HSBC said, "In the first quarter we maintained control of costs and further demonstrated our capital resilience. Whilst revenue was lower than the previous year's first quarter, which benefited from a number of specific items, we have seen progress in revenue over the trailing quarters. Loan impairment charges fell, reflecting the changes to the portfolio since 2011. Our return on equity was 11.7%."
News For HSBC From The Last 14 Days
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August 28, 2015
12:58 EDTHSBCHSBC releases statement regarding payment problems on Friday
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August 25, 2015
16:49 EDTHSBCHSBC, others back Abengoa capital increase, Reuters says
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August 18, 2015
06:45 EDTHSBCNine banks agree to $2B settlement for currency market rigging, FT says
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