HSBC HOLDINGS-HSBC's Q1 Pre-Tax Earnings Decline on Lower Revenues and Higher ECL

HSBC Holdings (HSBC) reported first-quarter 2025 pre-tax profit of $9.48 billion, which declined 25% from the prior-year quarter.Results were affected by a fall in revenues, higher expected credit losses and other credit impairment charges (ECL), partially offset by a fall in expenses.HSBC’s Revenues Fall, Expenses DipTotal revenues were$ 17.65 billion, down 15% year over year. The fall was primarily due to lower net interest income (NII) and other operating income.Operating expenses declined marginally to ...