


| Covid-19 impact: HSBC warns loan losses may reach $13 billion this year |
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is speeding up the shakeup of its global business and warning loan losses may reach $13 billion this year as it battles the economic fallout from the
pandemic. The Asia-focused lender reported first-half profit that missed estimates after they more than halved to $5.6 billion because of higher loan losses.
Posted: 2020-08-03 22:14:00
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