Profits have fallen sharply at British bank HSBC after costs incurred selling its Brazilian unit.
Third quarter pre-tax profit was $843m - down from $6.1bn a year ago.
But the results were actually better than expected.
As Laith Khalaf of stockbroker Hargreaves Lansdown explains.
IN: "An 86…
OUT: …this morning."
DUR: 19 seconds
http://www.fsnradionews.com/feeds/1107hsbc-khalaf1.mp3
Third quarter pre-tax profit was $843m - down from $6.1bn a year ago.
But the results were actually better than expected.
As Laith Khalaf of stockbroker Hargreaves Lansdown explains.
IN: "An 86…
OUT: …this morning."
DUR: 19 seconds
http://www.fsnradionews.com/feeds/1107hsbc-khalaf1.mp3