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HSBC profit slides amid falling interest rates, weak commercial property market
scmp.com/business/banking-finance/article/3330568/hsbc-profit-slides-amid-falling-interest-rates-weak-commercial-property-market
HSBC Holdings, the largest banking group in Europe and Hong Kong by assets, reported a 25 per cent decline in third-quarter profits on Tuesday as a result of lower interest rates and provisions made for commercial property and lawsuits related to the Bernard Madoff fraud case.
Net profit…
This story appeared on scmp.com, 2025-10-28 04:30:58.