HSBC improves on expectations as profits drop 34% to £6.2 billion

HSBC suffered a 34% drop in pre-tax profit to 8.8 billion US dollars (£6.2 billion) for the year ending December 31 though Europe’s largest bank still managed to beat estimates (Tim Ockenden/PA)
HSBC suffered a 34% drop in pre-tax profit to 8.8 billion US dollars (£6.2 billion) for the year ending December 31 though Europe’s largest bank still managed to beat estimates (Tim Ockenden/PA)