Reuters: HSBC profits up 10 percent, bad debts hit $17 bln

[staff]

HSBC profits up 10 percent, bad debts hit $17 bln
      

LONDON (Reuters) - HSBC's  profits rose 10 percent last year as buoyant growth in Hong Kong and elsewhere in Asia helped Europe's biggest bank absorb $17.2 billion in bad debts as the U.S. housing crisis deepened.
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