HSBC profits hit by China slowdown
Image copyright Reuters HSBC has reported a lower-than-expected 15.9% rise in pre-tax profits for 2018, partly because of an economic slowdown in China and Hong Kong. Europe’s largest bank made $19.9bn (£15.4bn) before tax last year, compared with $17.2bn in 2017. Reported revenue was $53.8bn, a rise of 5% from the previous year. HSBC makes …