Global banking giant HSBC announced Monday that its net profit for 2015 dropped by 1.2 percent to $13.52 billion from the previous year after what it called "seismic shifts" in the world economy.
Group chairman Douglas Flint described the performance as "broadly satisfactory" in a statement, although the bank's pre-tax profit of $18.9 billion missed analysts' forecast of $21.8 billion.
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