hsbc

The UK banking giant HSBC announced robust first quarter of 2023 financial results. HSBC shares gained more than 5% after the earnings announcement. The largest bank in Europe said pre-tax profit jumped by $8.7 billion to $12.9 billion during the last quarter, representing an increase of 212%...

The collapse of the "Silicon Valley Bank" led to widespread panic in the global market, with investors and traders scrambling to sell off their assets. While the US government has already taken several measures to stabilize the banking system. The New York-based bank also financed many firms in...