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HSBC posts surprise 74% jump in profit and $2.7 billion buyback

October 25, 2021 12:38 PM

SINGAPORE/LONDON (REUTERS) – HSBC Holdings reported a 74 per cent rise in third quarter profit, beating market expectations, as the Asia-focussed bank released cash set aside for expected bad loans that have not materialised.

Source : http://www.straitstimes.com/business/banking/hsbc-posts-surprise-74-jump-in-profit-and-27-billion-buyback

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