Profits at HSBC Take a Tumble

Profits at HSBC Take a Tumble

Europe’s largest bank HSBC (LON:HSBA) has reported tumbling profits in its third quarter results swinging to a $204 net loss. Pre-tax profits fell by 86 per cent to just $842m from $6.1bn last year. The loss was widely anticipated by the markets. The sale of its Brazilian operations to Banco Bradseco for $5.2bn resulted in … Read more