HSBC to restart dividend despite 34% profits slide

clock
HSBC to restart dividend despite 34% profits slide

HSBC's profits fell by 34% in 2020 as the international bank pledged to invest $6bn in its Asian markets as part of a renewed pivot to its historic roots. Europe's largest bank said much of the fall was due to the impact of covid-19, trade tensions between the US and China and record low interest rates. HSBC confirmed it would restart its dividend payments at $0.15 per share in cash, representing the bank's first payout to investors since October 2019. Mark Tucker, HSBC group chairma...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.