HSBC first-quarter profit halves on increased loan loss provisions due to coronavirus crisis

April 28, 2020 admin Business News Comments Off on HSBC first-quarter profit halves on increased loan loss provisions due to coronavirus crisis

HSBC Holdings PLC’s first-quarter profit nearly halved from a year-ago, missing estimates, after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide.

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Source:: Reuters – Business News