Reuters: HSBC's profit up on year, takes $4.9 billion hit

[chris]

HSBC's profit up on year, takes $4.9 billion hit
      

LONDON (Reuters) - Europe's biggest bank HSBC Holdings said its profit in the third quarter was ahead of a year earlier as growth in Asia helped offset almost $5 billion in bad debts on U.S. home loans and asset writedowns.</p><div class="feedflare">
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