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Archive Home > 2008 > August > 05 > HSBC profit falls 29%

HSBC profit falls 29%


August 5, 2008

LONDON — HSBC Holdings PLC, Europe’s largest bank by market value, reported Monday its steepest fall in profit since 2001 as costs for bad U.S. mortgage loans mounted. Net profit for the first half of the year plunged 29 percent to $7.7 billion from $10.9 billion in profit in....

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