Evening Standard
UK · 2 hrs ago
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HSBC profits worse than forecast after jump in bad debt provisions
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HSBC reported first-quarter pre-tax profits of $9.4 billion, slightly lower than the previous year, driven by increased provisions for bad debts exceeding market forecasts.
HSBC profits worse than forecast after jump in bad debt provisions
The UK lender reported first-quarter pre-tax profits of £9.4 billion US dollars (£6.96 billion), down from 9.5 billion (£7 billion) a year earlier.
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