HSBC ups bad loan provisions after tariff chaos
Tuesday, 29 April 2025 ()
HSBC has increased provisions for loan losses as trade war woes clouded the lender’s results. The FTSE 100 giant raised expected credit losses to $876m (£653m), from $202m in a stark indication of firm’s outlook on the global economy. This follows a bruising period for the lender’s stock after President Donald Trump’s erratic tariff agenda [...]
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