HSBC Personal Banking | HSBC HK

L full-year profit slumped 62 percent and fell far short of forecasts on Tuesday as the bank took hefty writedowns from restructuring and flagged near-term brakes on revenue growth.

Shares in Europe's largest bank slid more than 7 percent after its revenues fell by a fifth frombringing an eight-month stock rise to a halt. Investors have driven HSBC's shares higher, betting on its ability to benefit from U. LBarclays BARC. LRBS RBS.

L and Standard Chartered STAN. While HSBC is expected to benefit in the long run once interest rates rise worldwide, the one-off charges showed the toll its restructuring is taking on short term profits.

HSBC Holdings PLC, 5:HKG forecasts - fesajina.web.fc2.com

HSBC's core capital ratio -- a measure of its financial strength -- was But major compliance failures at those operations ate into the bank's bottom line and hurt its reputation, leading to a radical restructuring which mean the private bank is now viable as a slimmed-down operation providing advice to wealthy clients referred from the lender's other business lines.

The bank also disclosed it was under investigation by Britain's Financial Conduct Authority into its compliance with money laundering regulations. Gulliver told reporters that he could not estimate the impact of this, but that it reflected the bank finding more "bad actors" among its clients as it improves controls.

Gulliver also said HSBC did not yet have a shortlist of candidates to replace Chairman Douglas Flint, but said the successor will be identified by the end of The disappointing results halted HSBC's rapid share price climb as investors saw brighter prospects as interest rates rise, helping it earn better returns on its deposits. HSBC's shares were among the best-performing European bank stocks since Britain's June 23 "Brexit" vote, climbing 53 percent in Make catfish money origami against a 28 percent increase in the STOXX Europe index of banks.

That reflected the fact that HSBC is among the global banks best positioned to take advantage of U.

LONDON Criminal charges over Barclays' fundraising in the financial crisis add to the bank's legal battles in key forex trading lingo just as rivals are leaving their troubles from hsbc stock price hong kong period behind. Reuters phoenix capital management forex the news and media division of Thomson Reuters.

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Titanic the movie sails again','Trading at Noon: Banks Tue Feb 21, A taxi drives past a branch of HSBC bank in London, Britain, February 9, Logos of HSBC are displayed at a major branch at the financial Central district in Hong Kong, China February 21, The headquarters of HSBC bank are seen in London's Canary Wharf financial district, Britain, March 11, People walk past a major branch of HSBC at the financial Central district in Hong Kong, China February 21, A logo of HSBC is displayed at a tram station outside its headquarters building in Hong Kong, China February 21, The HSBC bank logo is pictured at a branch office at the Paradeplatz in Zurich February 10, The HSBC bank logo is pictured at the bank headquarters in Paris April 9, A logo of HSBC is displayed outside a branch at the financial Central district in Hong Kong, China June 2, The Thomson Reuters Trust Principles.

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