HONG KONG/LONDON: HSBC Holdings reported a 26% slide in first-half pretax profit on Wednesday, missing analyst estimates, as impairments from its investment in China's Bank of Communications and exposure to Hong Kong real estate weighed.
Europe's largest bank posted a profit of $15.8 billion for the first six months of this year, which compared with the $16.5 billion average of broker estimates compiled by HSBC.
