For the three months that ended June 30, HSBC reported a profit of $2.61 billion, compared with a profit of $4.36 billion in the second quarter of 2015. In Asia, the bank reported a pretax profit of $3.63 billion in the second quarter. Advertisement Continue reading the main storyHSBC reported a pretax profit of $3.61 billion in the second quarter, which was below analysts’ expectations. HSBC said that pretax profit rose slightly in its commercial banking business, to $2.25 billion, in the quarter, from $2.23 billion in the second quarter of 2015. PhotoLONDON — HSBC said on Wednesday that its profit fell 40 percent in the second quarter as the bank navigated the tumult surrounding Britain’s vote to leave the European Union in June.

Source: New York Times August 03, 2016 07:18 UTC