Wealth and Asset Management
HSBC Slumps Due to Private Banking Writedown
HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts' estimates as the British bank took hefty writedowns from its restructuring, sending its Hong Kong shares down 3.5 percent. Europe's biggest bank by assets posted a 2016 profit before tax of $7.1 billion…
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Click here to read the full story: Reuters