’s profits have slumped by 62% in a year, blaming "significant and largely unexpected economic and political events". HSBC - reported pre - tax profits of £ 5.7bn ( $ 7.1bn ) , down 2 % overall , exceeded expectations . The report blamed " significant and largely unexpected economic and political factors " for the drop in profits .
HSBC - reported pre - tax profits of £ 5.7bn ( $ 7.1bn ) , down 2 % overall , exceeded expectations . The report blamed " significant and largely unexpected economic and political factors " for the drop in profits .