HSBC profits fall nearly 30% amid Ukraine war and default fears

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HSBC profits fall nearly 30% amid Ukraine war and default fears
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Bank puts aside £504m to cover unpaid loans as customers miss payments due to cost of living crisis

when banks were able to release money put aside for defaults linked to the Covid crisis, thanks to government support programmes that kept workers and companies afloat.

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Guardian news /  🏆 28. in UK

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