Lenders expected to split into two camps: those focused on domestic customers and those with large operations in the US, China and the EU UK banks' earnings reports will be studied this week for signs of turmoil linked to Donald Trump's tariff drama, with uncertainty over global growth likely to weigh on lenders with heavy exposure to China, including HSBC. First-quarter profits only reflect the January-to-March period that preceded the US president's "liberation day" tariff announcements on 2 A...
UK banks brace for first-quarter reports after Trump tariff turmoil
The Guardian - 28 Apr 2025 07:00
Lenders expected to split into two camps: those focused on domestic customers and those with large operations in the US, China and the EU UK banks' earnings reports will be studied this week for signs of turmoil linked to Donald Trump's tariff drama, with uncertainty over global growth likely to weigh on lenders with heavy exposure to China, including HSBC. First-quarter profits only reflect the January-to-March period that preceded the US president's "liberation day" tariff announcements on 2 A...
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