HONG KONG -- HSBC Holdings reported a better-than-expected fourth-quarter pretax profit on Tuesday and said it plans to put more capital into Asia in a bid to reverse years of underperformance.
The London-headquartered bank also reinstated dividends that it had suspended in 2020 for the first time in 74 years. However, it cut a profitability target, scrapped the practice of paying a quarterly dividend and announced a future payout target well below previous years'.
