Half Year Results 

HSBC warns of challenging US-China relations

HSBC warns of challenging US-China relations

HSBC (HSBA) increased impairments for bad loans to $6.9bn (£5.2bn) in its first half, more than $1bn higher than consensus estimates, which drove pre-tax profits down almost two-thirds. Depending on the scale of economic destruction, the lender expects those provisions to rise by anywhere between $1.1bn and $6.1bn during the remainder of the year.

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