By Frank Prenesti
Date: Tuesday 29 Apr 2025
(Sharecast News) - Asia-focused bank HSBC on Tuesday lifted its bad loan provisions in the first quarter, blaming a bleak macroeconomic outlook from higher tariffs and geopolitical tensions as it also announced a $3bn share buyback.
The lender said it now expects credit losses of $876m, an increase of $202m, with...
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