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People and MarketsBank Results

Embattled HSBC to press on with restructuring

HSBC_Adobe_575x375_3August2020

HSBC revealed a big increase in credit loss provisions in its second quarter results on Monday, as it vowed to step up the pace of its strategy shift. In the investment bank, it was a strong outing for fixed income and currencies trading, but a disappointing quarter for equities.

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