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HSBC's Q2 profit falls 3.8%; Brazil unit's selloff agreed

Mr Flint calls HSBC Brazil's sale a significant step in the bank's stated goal to optimise its global network and reduce complexity

Hong Kong

HSBC announced on Monday that net profit fell 3.8 per cent in the three months to June, as the company agreed to sell its Brazilian business for US$5.2 billion to Brazil's Banco Bradesco.

Europe's biggest bank announced in June that it would cut its global workforce by up...

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