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31 Jul 2017

HSBC announces profit increase, share buyback in signs of turnaround

HSBC won approval last month in China to establish an investment banking joint venture with a state-backed fund, ending a 20-month wait, making it the first such venture in China to be majority-owned by a foreign bank.

21 Feb 2017

HSBC warns of risks to world economic growth as profit dives

In the most recent quarter, HSBC's net loss widened to USD 4.2 billion from USD 1.3 billion in the same period the previous year.

14 Sep 2016

Bank bosses say no big slowdown in markets so far after Brexit vote

There has been no fundamental slowdown in markets so far because of Britain`s decision to leave the European Union, top officials from the financial services sector said on Wednesday.

03 Aug 2016

HSBC profits plunge 45% to $3.61 billion as Brexit uncertainty bites

HSBC posted Wednesday tumbling second-quarter net profit on volatile markets and China`s slowdown, warning it faced "a period of heightened uncertainty" after Britain voted to leave the European Union.

26 Feb 2015

Black money: HSBC bosses say sorry for 'unacceptable' practices

HSBC bosses on Wednesday apologised for "unacceptable" failings at the banking giant's Swiss division when they were grilled by British MPs over allegations it had helped rich clients dodge taxes.

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