February 19th, 2024
Bloomberg recently published an article featuring Mark Williams, Master Lecturer of Finance discussing how although HSBC had strong 2023 earnings, there are challenges ahead.
HSBC’s net revenue is expected to increase in 2024, and the bank is expected to announce approximately $2 billion in share buybacks. However, economic troubles still remain with China and Hong-Kong, as well as escalating US-China tensions.
“A bank can only be as strong or weak as their customers and the economy in which they operate,” Williams adds.