Evening Standard
UK · 1 hrs ago
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HSBC profits fall slightly despite strong wealth and Hong Kong business growth
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Accuracy 78/100
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Centre / Neutral ✓ Fair headline
HSBC reported a slight decline in profits despite growth in its wealth management and Hong Kong operations, with the decrease attributed to higher credit losses and impairment charges.
HSBC profits fall slightly despite strong wealth and Hong Kong business growth
The bank said the decrease reflected higher expected credit losses and other credit impairment charges.
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