HSBC earnings sink by 54pc to US$1.3b, aims to pay 'conservative dividend' if possibleHSBC says it intends to pay 'a conservative dividend if circumstances allow.' HSBC Group Chief Executive, Noel Quinn, said the bank aims to pay "a conservative dividend if circumstances allow.'' He said that "a decision on whether to pay a dividend for the 2020 financial year will depend on economic conditions in early 2021, and be subject to regulatory consultation.'' The bank canceled the fourth interim dividend of US$0.21 per share, which was scheduled to be paid on April 14. Expected credit losses and other credit impairment charges fell by US$100 million to US$800 million.

Source: The Standard October 27, 2020 04:07 UTC