Haitong Securities - Portugal Bank Goodwill Impairment Surge | Overall: High Costs, Poor Revenue

654 Views02 Oct 2023 13:18
Haitong Securities shows weakening core fee income in 3 key divisions. Its 100% held bank in Portugal has seen a giant goodwill impairment. Costs remain high and rising relative to revenue.
Boomeranged on Mon, 9 Oct 2023 09:23
Haitong Securities is set to privatize its wholly owned subsidiary Haitong International Securities for HKD3.4bn, announced this morning.
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Daniel Tabbush
Asian bank research and consultancy
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