(Sharecast News) - HSBC reported lower-than-expected first half profits as it took a large hit from its stake in China's Bank of Communications.
Pre-tax profit fell by $5.7bn to $15.8bn with the BoCom charge coming in at $2.1bn. Second-quarter earnings were down 29% year-on-year to $6.3bn, compared with forecasts of $6.99bn,...

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