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HSBC Suffers After Large Loan Provisions and A Tough Political Climate

  • Aug 5, 2020
  • 1 min read

Updated: Sep 9, 2020



HSBC's stock fell 6.5% to its lowest level since 2009 after disappointing Q2 results. Net-income plummeted 96% while revenues fell 4%. Large loan provisions and a tough political climate was the driving factors behind a poor Q2.

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