Feb
22
While HSBC Stays Upbeat, Investors Worry About Rates and China
ByHSBC shares are being weighed down by fear of the future. The global lender thinks it can bolster returns even as its balance sheet shrinks. That is why it increased the dividend despite a 7 percent drop in underlying pretax profit in 2015. But investors remain more worried about negative interest rates, China’s slowdown and cheap oil.
Fresh from its decision to keep its head office in London, Europe’s largest lender might have hoped full-year results would offer frazzled shareholders further reassurance. A precautionary $500 million provision for possible bad loans to the energy industry dented earnings…
While HSBC Stays Upbeat, Investors Worry About Rates and China
