HSBC pretax profit falls 15% in first-half


Reuters | Singapore | Updated: 01-08-2022 09:53 IST | Created: 01-08-2022 09:39 IST
HSBC pretax profit falls 15% in first-half
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HSBC Holdings PLC reported a 15% drop in first-half profit as expected credit losses more than offset the impact from rising net interest income at Europe's biggest bank.

The London-headquartered lender reported on Monday a pretax profit of $9.2 billion for the six months ending June 30, down from $10.84 billion a year ago.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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