HSBC profits plummet 97%

by | Aug 3, 2020

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@peter_IFAMAG reads Twitter so you don’t have to.

HSBC profits plummet 97%, new data reveals. Metro Bank agrees to buy peer-to-peer lender RateSetter. Also on Twitter; recession figures, and why they might not be as bad as we all worry.

HSBC announces staggering quarterly losses, following the bank putting aside $3.8bn in coronavirus loan-loss provsions.

Many in the FinTech industry are heralding the RateSetter purchase.

James Hurley strikes a more sceptical tone.

Swedens economy the least effected by Coronavirus in the EU, Bloomberg reports.

Microsoft negotiations to acquire Chinese owned TikTok continues, following President Donald Trump’s intervention.

Liz Ann Sonders puts most recent recession figures into a historical context.

What are your thoughts on these tweets?

Tweet your responses to @peter_IFAMAG

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