HSBC Takes $3 Billion Charge on BoCom: CEO Quinn Says He's Confident on China

HSBC CEO Noel Quinn speaks about the lender's unprecedented $3 billion charge on its holding in China's Bank of Communications Co. “It is a technical accounting issue. I also want to reiterate, we have strong confidence in the China economy,” Quinn said of the BoCom charge in an interview with Bloomberg Television. He spoke after HSBC announced a fall in pretax profit to $1 billion in the final three months of last year from $5.05 billion in the year-earlier period.
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[@user-yy9hk9od9u]

If he's confident on China, then you better sell his stock fast.

[@Richard85583]

Good luck

[@williamzabiski7653]

😂😂😂

[@Trumppower]

Reminder HSBC = Hongkong Shenzhen Banking Corporation.

[@exodus888]

short US