HSBC misses the mark despite record Q1 issuance

Revenues of US$13.7 billion reflected a five percent drop from their Q1 2019 figure, and a two percent decrease from the previous quarter. SRP data shows that HSBC issued 317 products in the US with a sales volume of US$1.05 billion during the first quarter of 2020, the highest number of products issued since the final quarter of 2018. In early 2019, the bank issued 270 products for US$900 million. The UK bank is one of many that have had to cope with the global financial market dislocation a