Home Business HSBC’s pre-tax profit falls 48% year-over-year in the first quarter to $3.2...

HSBC’s pre-tax profit falls 48% year-over-year in the first quarter to $3.2 billion

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HSBC’s pre-tax profit falls 48% year-over-year in the first quarter to $3.2 billion

HSBC on Tuesday reported first-quarter earnings that missed expectations after the bank set aside more money for potentially larger loan losses due to the coronavirus pandemic and weakening oil prices.
The bank, Europe’s largest by assets, said its pre-tax p…
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