HSBC Posts Drop In H1 Profit

HSBC Holdings PLC HBC reported a decline in its net profit in the first half. HSBC's net profit dropped to $8.2 billion in the period. Its total operating income came in at $43.7 billion in the period. HSBC reported a net profit of $9.76 billion and operating income of $42.3 billion in the year-ago period. HSBC shares closed at $42.12 on Friday.