Half Year Results 

HSBC warns of challenging US-China relations

HSBC warns of challenging US-China relations

HSBC (HSBA) increased impairments for bad loans to $6.9bn (£5.2bn) in its first half, more than $1bn higher than consensus estimates, which drove pre-tax profits down almost two-thirds. Depending on the scale of economic destruction, the lender expects those provisions to rise by anywhere between $1.1bn and $6.1bn during the remainder of the year.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now