HSBC’s $3 billion write-down in China eclipses record annual profit.

HONG KONG/LONDON – HSBC Holdings (HSBA.L), provides new tab, posted an all-time high annual profit in China eclipses, but it fell short of analysts’ expectations because of a significant $3 billion control from its investment in a Chinese bank, which offset the income encourage from higher mortgage rates. With a market worth $160 billion, HSBC … Continue reading HSBC’s $3 billion write-down in China eclipses record annual profit.