HSBC Holdings reported a record annual profit on Wednesday (Feb 21), although it missed estimates because of a US$3 billion charge on its stake in a Chinese bank amid mounting bad loans in the world’s second-largest economy.
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HSBC Holdings reported a record annual profit on Wednesday (Feb 21), although it missed estimates because of a US$3 billion charge on its stake in a Chinese bank amid mounting bad loans in the world’s second-largest economy.
