HSBC H1 net dips 57% at $ 3.35 billion

HSBC H1 net dips 57% at $ 3.35 billion


The entity which has battled the financial meltdown without taxpayers money, saw loan impairment charges and other credit risk provisions climb 39 per cent to US$13.9 billion as compared to the same period a year-ago.

Its pre-tax profit slumped 51 per cent to US$5.02 billion compared to US$ 10.25 billion a year ago.

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