Britain’s biggest bank hails ‘resilient performance’ amid challenging market conditions as dividend policy is questionedProfits at HSBC fell in the first three months of 2016 as a result of volatility on the global markets in January and February,raising questions approximately the dividend policy at Britain’s biggest bank.
Statutory pre-tax profits in the three months to the end of March fell by 14% to $6.1bn (£4.2bn), which the bank described as a resilient performance despite challenging market conditions”. If currency movements and other one-off items were excluded, and profits fell by 18% to $5.4bn. Related: HSBC chairman says scandals note banks must raise standards Related: HSBC accused of censorship for refusing Hong Kong student leader's account Continue reading...
Source: theguardian.com