A billion-dollar revenue swing in HSBC’s credit and rates businesses dragged pre-tax profits at its global banking and markets unit down by nearly half, as challenging trading conditions and eurozone uncertainty took their toll in the third quarter.
Wednesday, November 9, 2011
Europe drags on HSBC's global banking and markets business
A billion-dollar revenue swing in HSBC’s credit and rates businesses dragged pre-tax profits at its global banking and markets unit down by nearly half, as challenging trading conditions and eurozone uncertainty took their toll in the third quarter.
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