HSBC Shares Down As Annual Profit Falls 62%
Shares in HSBC have fallen after the bank saw a sharper-than-expected drop in annual profits for 2016. The $7.1bn (£5.7bn) pre-tax profit is 62% lower than the $18.9bn reported a year earlier. HSBC attributed the fall to a string of one-off charges, including the sale of its operations in Brazil. It said its performance had … Read more