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channelnewsasia - 10 days ago

HSBC ramps up Asia pivot as COVID-19 pandemic hammers profits

HONG KONG: HSBC on Tuesday (Feb 23) vowed to accelerate its Asia pivot despite spiralling tensions between China and the West after it reported a 30 per cent plunge in profits for 2020 caused by the coronavirus pandemic. Reported profit after tax came in at US$6.1 billion, which the bank blamed ...


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