Category

Trade War

HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Honk Kong Trade War

HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Honk Kong

These days, markets forgive and forget anything except the suspension of share buybacks. By Nick Corbishley, for WOLF STREET: Global banking behemoth HSBC’s net profit slumped 53% in 2019, to $5.97 billion, after the lender announced a $7.3 billion write-off to reflect weakened conditions in global banking and markets, and European commercial…
bubmag
February 19, 2020
A Change In How 1 Chinese Province Reports Coronavirus Adds Thousands Of Cases Trade War

A Change In How 1 Chinese Province Reports Coronavirus Adds Thousands Of Cases

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bubmag
February 13, 2020