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HSBC profit decline worries investors

Investors were worried about Natwest owner Royal Bank of Scotland (RBS) following a huge profit decline at high street HSBC (HSBA). HSBC (HSBC) reported a number of writedowns and one-off costs pushed 2016 profit 62% lower, causing the stock to fall 5.3%. As a result, RBS was marked 1.6% lower ...

HSBC pre-tax profits fall

HSBC's reported pre-tax profits fell by 62.3% to $7,112m in the year to the end of December. But adjusted profit before tax of $19.3bn was broadly unchanged following solid performances from its global businesses. The lower reported profit before tax of $7.1bn reflected significant items ...

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