HSBC, Santander Signal Path Back to Dividends as Profit Beats
- Date: 27-Oct-2020
- Source: Bloomberg
- Sector:Financial Markets
- Country:GCC
HSBC, Santander Signal Path Back to Dividends as Profit Beats
Two of Europe's largest banks signaled a path back to paying dividends after boosting capital and saying loan losses for the year are likely to be lower than expected.HSBC Holdings Plc said it would pay a “conservative dividend” for the year if allowed, after Europe's largest lender reported higher-than-expected earnings for the third quarter. Banco Santander SA rebounded from its worst-ever loss with improved capital as it seeks to convince regulators that its balance sheet is strong enough to resume dividend payments.Shares