2020 is definitely a very delicate year for HSBC.
In the third quarter, the economic consequences of the health crisis but also the worsening of tensions between China and the United States again plunged its profits (-54.3% to $ 1.35 billion after -96% in the second trimester).
However, these results are better than expected: the British banking giant has sharply reduced the amount of provisions to allow it to deal with bad credit and it has said it is ready to redistribute a dividend to its shareholders.
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"HSBC's results are rather good in the current context,"
said Jérôme Legras, head of research at Axiom AI.
But the group has not provided an answer concerning its two main difficulties: its restructuring plan postponed to February 2021 and especially its difficulties with China and the United States, its major problem. "
In fact, for the past two years, the Sino-British bank, created in 1865 in Hong Kong, has been
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