News24.com | WATCH | HSBC first-half profit plunges 65%

News24 Monday, 3 August 2020 ()
HSBC warned its bad debt charges could blow past a previous estimate to $13 billion this year and said its profits more than halved in the first half of 2020.
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Video Credit: PA - Press Association STUDIO - Published
News video: HSBC profits drop 65% due to coronavirus

HSBC profits drop 65% due to coronavirus 00:59

 HSBC has suffered a 65% drop in pre-tax profit in the first half of the yearas Europe’s largest bank was struck by a dive in interest rates andcoronavirus disruption. The bank reported profits of 4.3 billion US dollars(£3.2 billion) in the half year to June 30, down from 12.4 billion dollars(£9.5...