Europe's biggest bank blames massive earnings hit on multi billion dollar write downs from its restructuring.
Asia markets traded mixed, while South Korean shares hit highs not seen since mid-2015 during the Tuesday session.
HSBC Holdings' 2016 pre-tax profit fell 62 percent, below analysts' estimates, as it grappled with slowing economic growth in its core markets.
Jackson Wong of Huarong International says the bank reported results that were "way off" expectations.
CNBC's Emily Tan takes a look at HSBC shares after the bank posted its full-year results for 2016.
Kevin Leung of Haitong International Securities Group says the $1 billion share buyback was disappointing but that capital was likely to be spent elsewhere.
Alex Wong of Ample Capital says HSBC results are likely to be better than a year ago but he's less certain about the bank's future.
Francis Lun, CEO of GEO Securities, says financials have been underpinning the markets in Hong Kong.
America's largest banks are to propose a complete overhaul of how financial institutions investigate and report potential criminal activity.
The money mill that undergirds many of China's aggressive assets buying in Hong Kong may be coming to a temporary halt, the SCMP reports.
Britain's divorce from the EU must adhere to a framework of rules to truly understand whether Brexit has been successful; academic report.
European markets closed lower on Monday after Trump's introduction of a travel ban on refugees prompted investor concern.
Several U.K. based banks are poised to announce at least part of their business operations are being moved from London to another EU city.
Banks pulling out of the U.K. would not impact Europe's financial stability, according to a top official at Germany's central bank.
European markets closed lower on Thursday after the European Central Bank announced it would keep its monetary policy stance unchanged.
Two of Europe's biggest banks warned on Wednesday that they could each move about 1,000 jobs out of London.
London's financial bosses urged the U.K. government to consider extending Brexit negotiations to a five-year transitional process.
U.K. currency traders appear to be increasingly dismissive of economic strength in the country with Brexit negotiations fast approaching.
Government to seek parliamentary approval to borrow to underwrite its wobbly banking sector, starting with Monte dei Paschi di Siena
Bank said to be resisting the settlement from its sale of toxic mortgage securities in the run-up to the 2008 financial crisis.