HSBC Holdings PLC (HSBC) on Thursday reported a 19% decline in first-quarter net profit, in part because of a change related to the fair value of its debt.
The U.K. lender said net profit fell to $3.47 billion from $4.30 billion a year ago.
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Revenue fell 13% to $12.99 billion from $14.98 billion a year ago, the bank said.
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(END) Dow Jones Newswires
May 04, 2017 01:01 ET (05:01 GMT)