Summary
HSBC has remained bullish after seeing its profits fall by more than half during the first six months of the year due to bad debt.
The 51% drop in pre-tax profits to pounds 2.98bn came after its bad debt charges soared 39% to pounds 8.3bn. The figures came on the same day rival Barclays pushed up profits 8% to pounds 2.98bn for the same period.See the full content of this document
Extract
Hsbc Confident Despite Profits Setback
Despite the fall in profits, HSBC said results were better than it expecte...
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