HONG KONG -- HSBC Holdings reported a roughly 15% drop in third-quarter profit before taxes amid ongoing restructuring and pressure from the Hong Kong commercial real estate sector still weighing on the bank.
Finance
HSBC books 15% profit drop, deeper Hong Kong real estate losses
Bank realizes $1.1bn provision related to Bernie Madoff scam
The U.K.-headquartered bank continues to be pummelled by headwinds from the Hong Kong commercial property sector. (Photo by Yuki Kohara)
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