LONDON - Troubled global bank HSBC said Monday that net profits fell 15 percent last year, hit by fines and mis-selling compensation, and apologised again over tax-dodging claims at its Swiss division.
HSBC says net profits fell 15% last year, hit by fines and mis-selling compensation
Earnings after taxation sank to $13.7 billion (12.0 billion euros) in 2014, compared with $18.7 billion in 2013 when it was also boosted by disposals, HSBC said in a results statement.