Today news
About the same in other media
HSBC’s investment bank profit slips by 35% as Russia-Ukraine conflict hits
Reading now: 602
fnlondon.comHSBC put more money aside to cushion the impact of Russia's invasion of Ukraine during the first quarter of 2022, as profit within its global banking and markets unit slipped by 35% compared to a year earlier.
The UK lender said that pre-tax profit within its global banking and markets unit was $1.2bn in the first quarter, a decline of 35% as the conflict impacted investment banking activity and led it to put around $300m aside to cover potential loan losses. Revenue of $4bn in the division was down 4%.
Across...
Read more on fnlondon.comAbout this in other media
BNP Paribas trading fees surge after investment bank expansion fnlondon.com /2 years ago
BNP Paribas trading fees surge after investment bank expansion fnlondon.com /2 years ago
Credit Suisse reveals $284m loss as investment bank tumbles fnlondon.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
