HSBC warned of a bumpier global financial outlook thanks to Chinas slowing economy, as it reported Monday that profit dipped slightly last year.Europes biggest bank posted a net profit of $13.5 billion for 2015, down 1.2 percent from the year before.The bank also unexpectedly announced a $1.3 billion loss for the final quarter, compared with a $511 million profit in the same period the previous year.Chan Siu Kam reports.
HSBC warned of a bumpier global financial outlook thanks to Chinas slowing economy, as it reported Monday that profit dipped slightly last year.Europes biggest bank posted a net profit of $13.5 billion for 2015, down 1.2 percent from the year before.The bank also unexpectedly announced a $1.3 billion loss for the final quarter, compared with a $511 million profit in the same period the previous year.Chan Siu Kam reports.
