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HSBC warns of restructuring pain ahead as outlook darkens

Updated : October 29, 2019 06:24 AM IST

HSBC reported pre-tax profit of $4.8 billion for the third quarter on Monday, compared with the $5.3 billion average of analysts' forecasts.
The near- to medium-term outlook for HSBC, and rival Standard Chartered PLC  has also been clouded by anti-government protests in Hong Kong, their single biggest profit centre.
HSBC warns of restructuring pain ahead as outlook darkens

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