Visit ShaunV's column >>

SHAUNV

I am not surprised that Dog reversed spells God!
Add To Watchlist
Articles Posted: 0; Links Seeded: 6392
Member Since: 2/2007

HSBC Profit Fell 29% in First Six Months

advertisement

HSBC Holdings, the biggest European bank, reported a 29 percent decline in profit for the first six months on Monday, saying that the business environment remained uncertain and that growth in emerging markets was expected to slow.

What's this?
Who's leading the conversation?
This visualization below allows you to see the impact that each user has on the current conversation. The top row contains the group of users who have had the most impact, the 2nd row the group of users who have had the 2nd most impact (et cetera). Users with similar impact are grouped together, and the average score of the group is shown to the left of the group. The author of the article is also shown on the left, in their corresponding group. Each user's score is based on the number of comments the user has made plus the number of votes their comments have received. The scores are calculated relative one another, so while their absolute value is not particularly important, their relative difference does indicate a larger difference in impact on the conversation.
2.5
{"commentId":2359676,"authorDomain":"SVForbes"}

Still, HSBC shares, which are unchanged from the beginning of the year, have performed better than those of its rivals in Britain, like Barclays or Royal Bank of Scotland, as investors expect HSBC's growing Asian business to cushion the blow from loan losses in the United States and Europe.

The bank said that even though it expected growth in emerging markets to "hold up reasonably well" it would have "less momentum than in the recent past." Demand for wealth management and equity capital markets products in Asia declined, it said.

{"commentId":2359676,"threadId":"325355","contentId":"1719278","authorDomain":"SVForbes"}
  • 1 vote
Reply#1 - Mon Aug 4, 2008 9:21 AM EDT
{"commentId":2360512,"authorDomain":"sushicat"}

Well at least their shares are holding up. It seems everyone is affected.

{"commentId":2360512,"threadId":"325355","contentId":"1719278","authorDomain":"sushicat"}
  • 1 vote
Reply#2 - Mon Aug 4, 2008 11:17 AM EDT
{"commentId":2360920,"authorDomain":"SVForbes"}
It seems everyone is affected.

Yes. There is a global recessionary trend, now.

{"commentId":2360920,"threadId":"325355","contentId":"1719278","authorDomain":"SVForbes"}
  • 1 vote
#2.1 - Mon Aug 4, 2008 12:04 PM EDT
Reply
{"canLink":false,"threadId":"325355","isPrivate":false}
Leave a Comment:
You're in Easy Mode. If you prefer, you can use XHTML Mode instead.
As a new user, you may notice a few temporary content restrictions. Click here for more info.
{"threadId":"325355","contentId":"1719278"}
Start TrackingStart Tracking
Stop TrackingStop Tracking