HSBC says 2016 net profit plunged 82% to $2.48bn
Hong Kong economy
Hong Kong - Arab Today
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Global banking giant HSBC said Tuesday that net profit for 2016 fell 82 percent from the previous year, calling it a period remembered for its "largely unexpected economic and political events". The net profit of $2.48 billion compared with $13.52 billion recorded in 2015, with group chairman Douglas Flint saying geopolitical changes contributed to "volatile financial market conditions". |
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