Anti-government protesters set up a catapult and barricade near an HSBC branch in Hong Kong’s Mong Kok district in this photo from October 6. Photo: Handout
HSBC to quicken cost cuts after third-quarter profit trails estimates on weaker retail banking, global markets
- Net profit drops by 24 per cent, the most since the final quarter 2016, while income on pre-tax basis comes below analysts’ estimates
- Retail banking and global markets business post double-digit profit drops in third quarter
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HSBC
Anti-government protesters set up a catapult and barricade near an HSBC branch in Hong Kong’s Mong Kok district in this photo from October 6. Photo: Handout
A masked anti-government protester on October 6, 2019. Photo: Reuters
Hong Kong businesses affected by vandalism and arson during protests seen filing up to HK$600 million in insurance claims
- Railway operator MTR alone is likely file for HK$100 million in insurance claims to cover damage to its property so far, says an industry expert
- Insurance claims nowhere near the HK$3.1 billion seen after Typhoon Mangkhut tore through the city last year
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Hong Kong protests
A masked anti-government protester on October 6, 2019. Photo: Reuters