HSBC net profit falls 53%, bank to sell assets in overhaul

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Europe's biggest bank has reported that its net profit fell 53% in 2019 to $6 billion. London-based HSBC, whose profit is mainly from Asia, said Tuesday that it plans to revamp its U.S. and European business and shed $100 billion in assets to improve its profitability. The bank said the virus outbreak that began in China has...

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