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Business HSBC Q3 profit up 8 per cent as credit losses fall 17 per cent year on year
HSBC Q3 profit up 8 per cent as credit losses fall 17 per cent year on year

HSBC reported an 8 per cent rise in pre-tax profit to $2.565bn for the third quarter, with revenue up 6 per cent to nearly $4.1bn. Expected credit losses fell 17 per cent year on year to $800m, driven by lower provisions in Hong Kong commercial real estate, UK operations and Mexican wealth managemen

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