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Economic Events Blamed For HSBC Holdings PLC (ADR) (HSBC)’s Disappointing Earnings

Economic Events Blamed For HSBC Holdings PLC (ADR) (HSBC)’s Disappointing Earnings

The earning season for banks in Europe started out with some disappointing numbers. $4.2 billion in net losses are reported by banking giant HSBC Holdings plc (ADR) (NYSE:HSBC) in the fourth quarter of 2016. Unfortunately this comes after a $2.4 billion dollar write down of its private banking operations in Europe. As the largest bank […]