HSBC Full-Year Profit Declines on Debt Revaluation, Record Fine

HSBC Full-Year Profit Declines on Debt Revaluation, Record Fine

Frantzesco Kangaris/Bloomberg

HSBC's pretax earnings for 2012 fell to $20.65 billion from $21.87 billion a year earlier, trailing the $23.49 billion estimate of 26 analysts surveyed by Bloomberg.