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HSBC profit News

22 Feb 2022

HSBC's profit before tax from India rises marginally to USD 1.11 bn

Courtesy back-office operations, India retains the top ranking in terms of employees but the number of people employed declined by 1,000 to 38,000. The total number of employees had declined by 1,000 in 2020 as well. The 'corporate centre' function saw an increase in the overall profit contribution to USD 232 million as against USD 228 million.

03 Aug 2015

HSBC exits Brazil as group profit falls

HSBC has agreed to sell its Brazilian business to local group Banco Bradesco, the British banking giant announced Monday alongside news of a fall in net profits.

03 Aug 2015

HSBC profits fall 3.8% in Q2, Brazil sell-off agreed

HSBC announced Monday that net profit fell 3.8 percent in the three months to June, as the company agreed to sell its Brazilian business for $5.2 billion to Brazil`s Banco Bradesco.

03 Aug 2015

HSBC's H1 profits rise 10% on bumper Hong Kong results

HSBC also announced the sale of its Brazil unit to Banco Bradesco SA , the country`s second-biggest private-sector bank, for 17.6 billion reais ($5.2 billion) as HSBC seeks to cut underperforming businesses.

HSBC bank results

23 Feb 2015

HSBC bank says annual net profits sink 15% to $13.7bn

Troubled global bank HSBC said Monday that net profits fell 15 percent last year, hit by fines and mis-selling compensation, and apologised again over tax-dodging claims at its Swiss division.

04 Aug 2014

HSBC bank says profits fall in first half

Net profit dropped to $9.746 billion (7.259 billion euros) in the six months to June 30 compared with earnings after tax totalling $10.284 billion in the first half of 2013.

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