HSBC Downgraded by JPMorgan as Bad Loans in Asia Set to Surge

  • Bank will underperform European peers, cut to underweight
  • HSBC non-performing loans in Asia seen reaching $5.4 billion

HSBC Holdings Plc will be one of the worst performers among European banks this year as waning growth in emerging markets more than doubles the bank’s bad loans in Asia, according to analysts at JPMorgan Chase & Co.

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