Bloomberg Originals
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HSBC Profit Jumps 18 Percent as it Shifts Focus to Asia
Posted
August 3, 2015
Views
951
Likes
6
Comments
5
Engagement
1.16%
August 3, 2015
951
6
5
1.16%
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2:34Now PlayingAugust 3 -- HSBC Holdings Plc, Europe’s largest bank, said second-quarter profit surged 18 percent, even as it took a $1.3 billion charge to settle a probe into currency rigging. Pretax profit rose to $6.57 billion from $5.56 billion in the year-earlier period, the London-based lender said in a statement on Monday. The bank also sold its Brazilian unit to Banco Bradesco SA for $5.2 billion, boosting capital buffers.
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