The Independent
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 £6.96 billion, slightly down year-on-year, with the decline attributed to increased provisions for bad debts exceeding analyst 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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