HONG KONG -- HSBC Holdings shares slumped to a 25-year low in Hong Kong on Monday after a weekend of negative press reports related to the London-based bank which was already under investors pressure due to its suspension of dividend payments and worries about souring loans.
HSBC closed down 5.3% in Hong Kong at HK$29.30, the shares' lowest level since 1995. The stock has lost half of its value this year and is the second-worst performer among the world's 10 largest banks, as measured by financial intelligence company The Banker using 2019 data for Tier 1 capital.
