HSBC profits fall on higher credit charges
First-quarter income dips to $9.4bn, missing analyst expectations
Related reading
HSBC profits hit by $2.1bn charge on Chinese bank stake
Quarterly earnings fall 29% as stake in Bank of Communications is diluted
HSBC pauses $4bn private credit investment
Lender announced plan last year to use $3.2tn balance sheet to muscle into alternative lending market
HSBC profits fall 14% as bank takes hit from Madoff lawsuit provision
UK bank sets aside $1.1bn for legal fight stemming from criminal enterprise that collapsed in 2008
FSB raises alarm over private credit vulnerabilities
Warning that banks may find it difficult to manage risks comes a day after HSBC disclosed $400mn hit
European banks poised for €30bn interest income rebound
Loan growth and hedging help bolster banking sector profitability
HSBC axes 160-year-old management scheme in bid to cut costs
‘International Manager’ programme closed to new recruits as CEO Georges Elhedery reshapes Europe’s largest lender