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HSBC Q3

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…