HSBC Shares Drop After Revenue Hit By Emerging Market Slowdown

HSBC Holdings Plc HSBA.L, Europes biggest bank, posted slower than expected earnings growth and a 12 percent drop in revenue, reflecting a slowdown in growth in emerging markets and sending its shares lower.Profit rose 10 percent in the first half of the year as HSBCs three-year cost-cutting plan started to pay off, but this fell sh …

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