HSBC shares plunge after bad loan charges drive quarterly loss

Shares in Europe's largest bank fell as much as 4.5% on the loss

22nd February, 2016
Shares in HSBC fell as much as 4.5% in London

HSBC posted an unexpected fourth-quarter loss as income from lending fell, loan-impairment charges increased and it booked fair-value losses on its debt.

The shares fell as much as 4.5 per cent as Europe’s largest bank reported a pretax loss of $858 million (€771 million). Excluding one-time items such as a $773 million charge on movements in the fair value of its debt, the lender had a pretax profit of $1.9 billion. Both measures fell short...

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