HSBC profits slide 26% as tariff uncertainty puts brakes on investment

HSBC has said it will cut senior banker roles over the coming months (HSBC/PA) -

HSBC has cautioned over the impact of Donald Trump’s tariffs with policy uncertainty prompting businesses to “pause” investment plans, as the banking giant revealed sliding profits.

The group also revealed that it was about halfway through its efforts to save 1.5 billion US dollars’ (£1.1 billion) worth of yearly costs.