Europe

HSBC’s reported profit fell by 34.7 percent in 2020

British bank HSBC announced Tuesday that its reported profit attributable to ordinary shareholders fell 34.7 percent in 2020 to $3.9 billion.

“In 2020, HSBC had a very clear mandate – to provide stability in a highly unstable environment for our customers, communities and colleagues,” Group Chief Executive Noel Quinn said in the bank’s annual report posted on its website. EFE-EPA

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