HSBC profit at the end of 2014 fell by 17% – BBC

HSBC profit at the end of 2014 fell by 17% – BBC

The profit before tax of HSBC fell by 17% in 2014, reports «Bi-bi-si» .

HSBC pretax profit at the end of 2014 amounted to $ 18 68 billion. In 2013 profit before tax was estimated at $ 22.5 billion.

The experts had expected profit of HSBC at the end of 2014 decreased to $ 21 billion. After the reporting bank share prices have

fallen to 4.69%.

reason a significant reduction in profits is the investigation against members of the Swiss division of the bank. They are suspected of fraudulent activities by which wealthy clients were able to evade taxes.