HSBC profits are down 46%
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Reuters
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CEO Stuart Gulliver said in a statement: "Reported profits were down, but adjusted profits were higher than last year's third quarter in all four global businesses and four out of five regions."
"Reported profits included the impact of the disposal of our operations in Brazil, changes in the fair value of our own debt, and the costs of implementing our cost-reduction programmes," he said.
More to follow.
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