HSBC Reports Record Annual Profits Despite $3 Billion China Writedown HSBC sees significant growth but suffers setbacks HSBC, the multinational banking giant, announced its annual financial results for 2022, defying market expectations with its record-breaking performance. Despite achieving record annual profits, the firm faced some challenges, notably a $3 billion writedown related to its operations … Continue reading HSBC’s $3 Billion Writedown in China Mars Record Annual Profit