Hang Seng Bank: 2016 Net Profit Down 41% at HK$16.21 Billion

HONG KONG–Hang Seng Bank Ltd. (>> Hang Seng Bank) Tuesday reported a 41% drop in its 2016 net profit partly due to the absence of disposal gain a year earlier, as well as weaker net fee income. The Hong Kong-listed lender, which is controlled by HSBC …
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