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

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Published Mon, Aug 3, 2015 · 09:50 PM

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    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 to 50,000 as it exits Brazil and Turkey.

    HSBC

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