Pre-tax profit at HSBC dropped 29 per cent to US$9.71 billion, while total revenue fell 10.5 per cent to US$29.47 billion. Photo: Bloomberg

Three big banks in Hong Kong post sharp profit fall

Rising bad debts, poor investment market and Brexit hurt HSBC, Standard Chartered and Hang Seng Bank badly in first half while outlook uncertain

Topic |   Hong Kong company reporting season

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Pre-tax profit at HSBC dropped 29 per cent to US$9.71 billion, while total revenue fell 10.5 per cent to US$29.47 billion. Photo: Bloomberg
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