SINGAPORE, Oct 30 (Reuters Breakingviews) - HSBC’s (HSBA.L), (0005.HK) resilient bottom line may face some stiffer challenges.
HSBC also flagged that the same exercise would produce another $400 million loss in the final three months of the year.
The bank’s net interest margin slipped to 1.7% in the latest quarter, from 1.72% in the previous three months.
HSBC shares trade at around 0.9 times the bank’s tangible book value at the end of September.
The bank’s London-listed shares were up 0.9% at 606 pence by 0900 GMT on Oct. 30.
Persons:
It’s, Noel Quinn’s, Quinn, undemanding, it’s, Peter Thal Larsen, Oliver Taslic
Organizations:
Reuters, HK, Chartered, HSBC, Thomson
Locations:
SINGAPORE, China, London