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The Latest
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HSBC Profit Drops 65%, Warns Losses Could Hit $13 Billion
HSBC sets aside $8 billion to $13 billion for bad debt charges this year. HSBC sets aside $8 billion to $13 billion for bad debt charges this year. -
Chinese State-Backed Media Claims HSBC Might Be WIthdrawing From China
HSBC shut down rumors of leaving the Chinese market after a Chinese state-backed media claimed its layoff of employees is the first step of withdrawal from the market. HSBC shut down rumors of leaving the Chinese market after a Chinese state-backed media claimed its layoff of employees is the first step of withdrawal from the market.