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HSBC posts fall in pre-tax profits

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03-01-2010, 09:19 AM

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HSBC posts fall in pre-tax profits

Europe’s largest bank, HSBC, has today said pre-tax profits fell to $7.07 billion (£4.6 billion) last year compared with $9.3 billion in the previous year.The banking giant said loan impairments charges and other credit provisions were $26.5 billion in 2009 - a rise of 9% compared with the previous year.Stephen Green, chairman of the bank, [...]

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