HSBC Q2 Profit Drops 29%
HSBC’s Strategic Tightrope: Decoding the Profit Drop and Buyback Puzzle The Profit Decline: A Multifaceted Challenge HSBC’s second-quarter results revealed a 29% plunge in pre-tax profit, a stark figure that demands a closer examination of the underlying factors. The primary culprit was a surge in impairment charges, which represent the bank’s acknowledgment of potential losses…
