HSBC’s pre-tax profit tanks by 62% in 2016

REUTERS/Bobby Yip HONG KONG (Reuters) – HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts’ estimates due to one-time charges related to some businesses, and announced a new $ 1 billion share buy-back. Europe’s biggest bank by assets said on Tuesday profit before tax for 2016 fell […]