Despite weathering Covid, HSBC shouldn't be paying dividends now

  The Guardian 

Image source : theguardian.com
With a big presence in Asia, where economies haven’t been hit as hard, the bank is feeling optimistic With Covid-19 cases surging across much of the developed world, it is a brave call to say that the worst of the pandemic is over. That, though, is the view of HSBC , Europe’s biggest bank, which has cut its provisions for bad loans and said it is considering the resumption of dividend payments to shareholders. There is a good reason why HSBC is relatively upbeat about the outlook. It has a big presence in the part of the world – Asia – that has done best in controlling the virus and limiting its impact on the economy. Continue reading...

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