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HSBC stops reporting interest income from trade finance
Summary by Global Trade Review (GTR)
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HSBC stops reporting interest income from trade finance
HSBC will no longer report interest income from its global trade finance unit, while continuing to disclose fee and commission revenue. The London-headquartered lender bills itself as the world’s largest trade bank and says it facilitated US$850bn in trade flows last year, making its earnings a bellwether for global trade activity. It previously included total revenue from its Global Trade Solutions business, which generated US$1.99bn in revenue…
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