HSBC bank annual net profits sink 15%

GMT 10:20 2015 Monday ,23 February

Arab Today, arab today HSBC bank annual net profits sink 15%

HSBC bank
London - AFP

Troubled global bank HSBC said Monday that net profits fell 15 percent last year, hit by fines and mis-selling compensation, and apologised again over tax-dodging claims at its Swiss division.
Earnings after taxation sank to $13.7 billion (12.0 billion euros) in 2014, compared with $18.7 billion in 2013 when it was also boosted by disposals, HSBC said in a results statement.


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