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independent.co.uk - 7 readers - Scandal-ridden HSBC reported a small rise in full-year profits of just 1 per cent yesterday after posting an unexpected loss in the fourth quarter. That was mainly down to a $634m (£448m) rise in bad debt write-downs centred on souring loans to oil and gas businesses. But the bank said it was also hit by a $357m increase in the UK bank levy. ...
wsj.com - 6 readers - A unit of HSBC Holdings is appealing what would be the largest fine ever imposed by Hong Kong’s securities regulator.