HSBC’s profits plunged 51% last quarter as the coronavirus pandemic battered the bank

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HSBC’s profits plunged 51% last quarter as the coronavirus pandemic battered the bank

Reuters

  • HSBC posted first-quarter earnings on Tuesday that fell short of Wall Street forecasts.
  • The British bank’s adjusted revenues slid 6%, and a surge in expected credit losses drove adjusted pre-tax profits down 51% to $3.0 billion.

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