HSBC announces a $ 3 billion ransom after the earnings in the second quarter is immersed in 29%

The largest HSBC’s largest lender on Wednesday missed profits in the second quarter, mainly at the expense of charges.

HSBC, which reported the income for three months, ended in June at $ 6.3 billion – 29% compared to a year ago – announced a $ 3 billion shares.

Here are the results in the second quarter HSBC compared to consensus estimates A complex bank.

• Profit before tax: $ 6.3 billion vs. $ 6.99 billion
• Income: 16.5 billion dollars vs. $ 16.67 billion

Operating costs increased by 10% compared to the same period ago, and to a large extent borrowed for restructuring and other related costs, as well as increasing costs and investments in technology, the bank said.

HSBC shares listed Hong Kong decreased by 3.82%.

HSBC CEO General HSBC Georges Elcheder marked the “structural problems” of the world economy, which caused the uncertainty and volatility of the market, citing “broad tariffs” and “fiscal vulnerabilities”.

“This complicates the prospect of inflation and interest rates, creating great uncertainty. Even before the tariffs come into force, the trafficking in the trade is remodeling the economic landscape,” said Eldera.

The bank stated that it is “well placed” to manage uncertainty, including tariffs, although its profitability for the financial capital of profit-may be reached.

“Although we could expect that the direct impact from the tariffs would be a relatively modest impact on our profits, a wider macroeconomic deterioration may see that in the coming years in the coming years,” the bank said in a bank statement.

HSBC warned that the demand for lending will remain muted for the rest of the year, while predicting further growth in its wealth.

“We are still waiting for double-digit percentage of medieval fee and other wealth in the medium term,” the bank said.

HSBC plans to stop several employees in his teams in his office in the German office as part of a broader effort on the scale of its investment banking operations outside Asia and the Middle East, Bloomberg reports last week.

This step corresponds to the assault on the Elchader to revise the investment bank. Last OctoberHSBC has announced a restructuring plan to divide its activities into four units, creating separate sectors of “Eastern markets” and “western markets”. HSBC stated that reorganization cut costs approximately 300 million dollars this year.

In January, the lender announced that it would be Close it M&A Business and parts of its shares in Europe and America.

“This (HSBC) must make sure that the shareholders in Asia remain on board with General Georges Elchedera strategic direction, focused on simplifying and intense costs, but without radical overhaul of the entire business model,” said Morningstar Senior analyst.

A direct task for the group is to search for replacement of HSBC Group Mark Taker, he added. TAKEER will come step In September this year.