HSBC's earnings slump in first quarter

Name: HSBC's earnings slump in first quarter
Uploaded: 2020-04-28T09:51:07+00:00
Duration: 3 min 38 s
Description: HSBC’s first-quarter earnings have halved as a result of the coronavirus crisis. The lender has set aside three billion euros to cover bad loans in coming months. France 24 business editor Stephen Carrol reports on an ‘economic tsunami’ facing the sector as a result of the pandemic.

Issued on: 28/04/2020 - 11:51

HSBC’s first-quarter earnings have halved as a result of the coronavirus crisis. The lender has set aside three billion euros to cover bad loans in coming months. France 24 business editor Stephen Carrol reports on an ‘economic tsunami’ facing the sector as a result of the pandemic.