HSBC posts first-half earnings of $3.35 billion

08/3/2009 | Google

HSBC Holdings PLC recorded fist-half earnings of $3.35 billion, down 57% from $7.7 billion a year earlier. The company cut its dividend from 57 cents per share in the first half of 2008 to 18 cents per share. "Although deposit spreads remained compressed in the challenging economic environment, HSBC is fully committed to its strong and distinctive liquidity position," said Chief Executive Officer Michael Geoghegan.

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