HSBC today reported a 121% increase in profit before tax of US$11.1bn, compared with the first half of 2009. Loan impairment charges and other credit risk provisions were US$7.5bn in the first half of 2010, US$6.4bn lower than the first half of 2009. HSBC’s private bank made a pre-tax profit of US$556m in the first half, a drop of 12%…
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