The Anglo-Chinese bank's revenues fell 7% to $34,4 billion on the back of the weak economy in Europe and slower growth in Asia.
HSBC ended the first half with a lower profit than expected, as a result of the drop in revenues. The Anglo-Chinese bank reported $14,1 billion in pre-tax profit, up 10%, lower than the $14,6 billion estimated by analysts.
Revenues fell by 7% to 34,4 billion dollars, as a result, according to the institute, of the weakness of the economy in Europe and the slowdown in growth in Asia. Around 11 am in Italy, the HSBC share lost about 3,7%, moving around 727 pence.
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