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HSBC’s profit slides 40% as bank warns of more turbulence

Things are going to stay bad for longer at HSBC. The scandal-ridden British bank giant, run by CEO Stuart Gulliver, reported a 40 percent plunge in profit on Wednesday — one of its biggest drops ever — and said that cost-cutting measures could take about two years longer than expected. A global slowdown, as well...
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Source: New York Post

15:18, August 3, 2016 Kevin Dugan

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