Wealth and Asset Management
HSBC’s pre-tax profit falls 48% year-over-year in the first quarter to $3.2 billion
HSBC said on Tuesday that it’s pre-tax profit fell 48% year-over-year to $3.229 billion in the first quarter of 2020, while revenue dropped by 5% to $13.686 billion. The London-headquartered bank derives the bulk of its earnings from Asia, particularly Greater China where the coronavirus hit first. The bank had…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: HSBC