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HSBC Exclusive: Massive 80% Drop in Q4 Earnings Explained

In an unexpected turn, HSBC experienced a drastic 80% reduction in its fourth-quarter earnings.

HSBC London Headquarters in the City's Canary Wharf District. PHOTO: Shutterstock
HSBC London Headquarters in the City’s Canary Wharf District. PHOTO: Shutterstock

This significant decline was primarily due to unforeseen charges linked to its investments in a Chinese bank and the sale of its French retail operations,

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