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HSBC profit more than doubles, loan-loss fears ebb as economies rebound

By 2021-08-02 No Comments

August 02, 2021 4:30 PM

HONG KONG (REUTERS) – HSBC Holdings beat forecasts on Monday (Aug 2) with first-half pretax profit that more than doubled from last year when it set aside US$7 billion (S$9.48 billion) to cover pandemic-related bad loans.