hsbc pretax profits fall 29 as brexit bites
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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HSBC pre-tax profits fall 29% as Brexit bites

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Arab Today, arab today HSBC pre-tax profits fall 29% as Brexit bites

Brexit
Hong Kong - Arab Today

HSBC said Wednesday profit before tax plunged 29 percent in the first half of 2016 to $9.7 billion, after "exceptional volatility" during a turbulent six months ending in Britain's decision to leave the EU.

Group chairman Douglas Flint said  Brexit had "not been anticipated" but insisted that the bank had come through the period "securely".

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