HSBC reported a drop in third-quarter profit, caused by the planned sale of its French retail banking business and rising provisions against credit losses
Global banking giant HSBC Holdings PLC reported a drop in third-quarter profit, caused by theProfit fell 46% to $1.
9 billion in the July through September quarter from a year earlier, HSBC said Tuesday. Analysts had expected it to report about $1.15 billion in profit, according to estimates compiled by the bank.
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