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Home Archive HSBC warns loan losses could hit $13 billion as profit plunges 65% | Reuters

HSBC warns loan losses could hit $13 billion as profit plunges 65% | Reuters

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HSBC warns loan losses could hit $13 billion as profit plunges 65% | Reuters
By HSBC - hsbc.com/-/files/hsbc/header/hsbc-logo-200x25.svg, Public Domain, https://commons.wikimedia.org/w/index.php?curid=69008244

England’s largest bank, HSBC Holdings PLC, is warning others that their capital reserves could deteriorate.  Their bad debt charges have exploded after their retail and corporate customers were hit by the economic impacts of the coronavirus as well.

Source: https://www.reuters.com/article/us-hsbc-hldg-results/hsbc-warns-loan-losses-could-hit-13-billion-as-profit-plunges-65-idUSKBN24Z0BD