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HSBC profits hit by China slowdown

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HSBC profits hit by China slowdown

bbc.co.uk

HSBC has reported a lower-than-expected 15.9% rise in pre-tax profits for 2018, partly because of an economic slowdown in China and Hong Kong. Europe's largest bank made $19.9bn (£15.4bn) before tax last year, compared with $17.2bn in 2017. Reported revenue was $53.8bn, a rise of 5% from the previous …

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