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HSBC reports a $3.2B drop in quarterly profit to $9.5B, citing global economic uncertainty.
HSBC, the UK's largest bank, reported a 3.2 billion USD fall in quarterly pre-tax profit, dropping to 9.5 billion USD amid economic uncertainty.
The bank's revenue also fell by 15% compared to the same period last year.
Despite the decline, HSBC's CEO Georges Elhedery called the results "strong," attributing the firm's resilience to its financial strength and restructuring efforts.
The results came after US tariffs caused global market disruptions.
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HSBC informa una caída de $3.2B en ganancias trimestrales a $9.5B, citando la incertidumbre económica global.