Global bank HSBC cautious on outlook

Global bank HSBC said today its outlook remained "cautious" for 2005.

Global bank HSBC said today its outlook remained "cautious" for 2005.

"We remain cautious on the outlook. Having said that we remain strongly capitalised and strongly liquid to deal with any opportunities that may arise from that," Finance Director Douglas Flint told analysts.

London-based HSBC told investors on Friday that its first-quarter performance was in line with expectations despite worsening UK consumer credit quality.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up for push alerts to get the best breaking news, analysis and comment delivered directly to your phone

  • Listen to In The News podcast daily for a deep dive on the stories that matter