$HSBC: Dow Jones Newswires: HSBC Holdings profit plunges 53%, will suspend buybacks amid revamp

Date: Tuesday, February 18th, 2020

Stock(s) mentioned:

Source: MarketWatch (https://www.marketwatch.com)

Summary: HSBC Holdings PLC’s 2019 net profit plunged 53% due to a substantial amount of goodwill impairment, the bank said Tuesday, as it plans to introduce a slew of measures to cut down costs and restructure the company.

Full article address: http://www.marketwatch.com/news/story.asp?guid=%7BEB521074-520E-11EA-B5C7-52AF3B60D99D%7D

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