Adam Vetttese, an analyst at multi-asset investment platform eToro, comments on the latest results from HSBC…“HSBC’s annual results today were expected to make for uncomfortable reading, but few – if anybody – expected profits to be down more than 30 per cent.
“The bank has taken drastic measures today, including plans to shed GBP77 billion of assets, 35,000 jobs and slashing the size of its investment bank, as it bids to return to growth.
“But there is no guarantee that these measures will make HSBC, which has trailed its rivals for some time, the competitive bank it is craving to become in the short-term at least, particularly with the current weakness in Asia, its key market.”
Asset managers ever more reliant on artificial intelligence (AI) to support their investment decisions are becoming more vulnerable to weaker data that informs the technology...
Asset managers ever more reliant on artificial intelligence (AI) to support their investment decisions are becoming more vulnerable to weaker..
Employee contributions into workplace defined contribution (DC) pension schemes reached in the UK GBP3.2 billion in the first quarter of 2026 representing an increase of around GBP600 million on the previous year, according to October’s ONS funded occupational pension schemes data...
Employee contributions into workplace defined contribution (DC) pension schemes reached in the UK GBP3.2 billion in the first quarter of..
More than half (56 per cent) of investors are already exploring or deploying capital into nature-related investment opportunities, a status update from the Taskforce on Nature-related Financial Disclosures (TNFD) reveals...
More than half (56 per cent) of investors are already exploring or deploying capital into nature-related investment opportunities, a status..
As the very real threat from artificial intelligence (AI) to global security makes its way to the top of policymakers’ agendas, so new research shows asset owners may be applying the technology without accompanying oversight...
As the very real threat from artificial intelligence (AI) to global security makes its way to the top of policymakers’..
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HSBC results make uncomfortable reading for investors
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Adam Vetttese, an analyst at multi-asset investment platform eToro, comments on the latest results from HSBC…“HSBC’s annual results today were expected to make for uncomfortable reading, but few – if anybody – expected profits to be down more than 30 per cent.
“The bank has taken drastic measures today, including plans to shed GBP77 billion of assets, 35,000 jobs and slashing the size of its investment bank, as it bids to return to growth.
“But there is no guarantee that these measures will make HSBC, which has trailed its rivals for some time, the competitive bank it is craving to become in the short-term at least, particularly with the current weakness in Asia, its key market.”
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