HSBC's 2016 pre-tax profit slumps 62 percent; sets new $1 billion share buy-back

HONG KONG HSBC Holdings (HSBA.L) reported a 62 percent slump in annual pre-tax profit that fell way short of analysts’ estimates due to one-time charges related to some businesses, and announced a new $1 billion share buy-back. Europe’s biggest bank by …
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