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HSBC profits slump

HSBC plans to speed up job cuts after profits plunged as it set aside $13bn for bad loans.

HSBC plans to speed up job cuts after profits plunged as it set aside $13bn for bad loans. We hear how the bank also finds itself caught between China and the West, from fund manager and analyst, Alpesh Patel. Also in the programme, the veteran environmentalist James Lovelock, inventor of the Gaia hypothesis, which suggests the earth and its organisms behave as a single entity, discusses his long and varied career. Plus, whether you're planning to take a holiday at home or overseas this summer, our regular workplace commentator Stephanie Hare explores the significance of bringing along a good book.

(Picture: An HSBC building. Picture credit: EPA.)

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27 minutes

Last on

Mon 3 Aug 2020 14:32GMT

Broadcast

  • Mon 3 Aug 2020 14:32GMT