Fifth Element's Tabbush on HSBC's Outlook

The video discusses HSBC's global footprint, highlighting its credit exposure in regions like the UK, Hong Kong, and North America, where recessionary stresses are significant. It examines the potential rise in credit costs and the impact on net interest income, which could see growth but may be offset by these costs. The video also explores HSBC's retail banking performance, its geographic strategy, and the challenges of maintaining a base in London while focusing on Asia. Finally, it considers positive risks like buybacks and dividend payouts, noting the importance of maintaining a strong capital base amid rising credit costs.

What factors could offset the growth in net interest income for HSBC?

Discuss the potential risks and benefits of HSBC's buybacks or dividend payouts.