Fineprint: HSBC's net profit plunges 96 per cent
Edited By WION Video Desk
Published: Aug 03, 2020, 04:41 IST | Updated: Aug 03, 2020, 04:41 IST
HSBC Holdings PLC warned its bad debt charges could blow past a previous estimate to $13 billion this year and said its profits more than halved, as the coronavirus pandemic hammered the bank's retail and corporate customers worldwide.
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