HSBC Holdings Plc reported Tuesday higher profit in its fourth quarter with improved net interest income, while net interest margin declined. All regions were profitable and the company saw growth in many of its business lines.
Looking ahead, the Asia-focused lender said it carries good business momentum into 2022 in most areas and expects mid-single-digit lending growth over the year. However, the bank expects a weaker Wealth performance in Asia in the first quarter of 2022. HSBC shares were losing around 1 percent in the early morning trading in London. The shares fell around 4 percent in Hong Kong trading.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.