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ID: 26952
Title: HSBC full-year profit up 5 pct. in 2006 (AP)
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Vincent Cheng, chairman of HSBC Asia Pacific, left, and Muchael Smith, president and chief executive officer of HSBC Asia Pacific, react during a press conference in Hong Kong Monday, March 5, 2007. HSBC Holdings PLC, Europe's largest bank by market value, reported Monday that profit rose 5 percent in 2006 despite losses in its mortgage operation in the United States. HSBC, which operates in Britain, Europe, Asia and the Americas, reported net income of US$15.79 billion (euro11.98 billion) up from US$15.08 billion in 2005. (AP Photo/Vincent Yu)AP - HSBC Holdings PLC, Europe's largest bank by market value, reported Monday that profit rose 5 percent in 2006 despite losses in its mortgage operation in the United States that led to the removal of two senior executives.
Category: Business/Company Earnings/
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Date Added: March 05, 2007 01:39:16 PM
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