HSBC reports profits slowdown
Banking giant HSBC today reported lower profit growth in the third quarter and falling revenues in a further sign of a slowdown in the sector's bounceback.
HSBC also warned of easing growth in emerging markets, where the group generates a large slice of its profits.
But further falls in bad debts helped overall profits remain "well ahead" of a year earlier in the July-to-September quarter, although the bank did not provide detailed figures.
It said bad debts fell to their lowest levels since early 2007, before the credit crunch and financial crisis.