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HSBC bank

HSBC reported Q3 revenues

7 mins read

The FINANCIAL — HSBC Holdings released Q3 2020 earnings.  Noel Quinn, Group Chief Executive, said: “These were promising results against a backdrop of the continuing impacts of Covid-19 on the global economy. I’m pleased with the significantly lower credit losses in the quarter, and we are moving at pace to adapt our business model to a protracted low interest rate environment. We are accelerating the transformation of the Group, moving our focus from interest-rate sensitive business lines towards fee-generating businesses, and further reducing our operating costs. We also intend to increase our rate of investment in Asia, particularly in wealth,…

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HSBC reported Q3 revenues

7 mins read

The FINANCIAL — HSBC Holdings released Q3 2020 earnings.  Noel Quinn, Group Chief Executive, said: “These were promising results against a backdrop of the continuing impacts of Covid-19 on the global economy. I’m pleased with the significantly lower credit losses in the quarter, and we are moving at pace to adapt our business model to…

Surveyed HSBC investors and issuers believe more strongly in ESG problems

5 mins read

The FINANCIAL — Capital market participants are attaching greater importance to sustainable finance than a year ago, even as issuers and investors have had to navigate unprecedented challenges due to the COVID-19 pandemic. More than half of investors and three-quarters of issuers say the pandemic has either reinforced their commitment to Environment, Social and Governance…

HSBC plans to become net zero bank

6 mins read

The FINANCIAL — HSBC announced an ambitious plan to prioritise financing and investment that supports the transition to a net zero global economy, citing a landmark opportunity to build a thriving, resilient future for society and businesses. The bank is committing to align its financed emissions – the carbon emissions of its portfolio of customers…