This is a nytimes.com article.
LONDON — HSBC said on Monday that it lost money in the fourth quarter and warned that it was being investigated for hiring candidates with ties to government officials in the Asia-Pacific region.
The lender, which is based in Britain but generates more than half its earnings in Asia, also forecast that slowing economic growth in China would contribute to a “bumpier financial environment.”
For the three months that ended Dec. 31, HSBC, Britain’s largest by assets, posted a loss of $1.33 billion, compared with a profit of $511 million in the fourth quarter of 2014. Before taxes, HSBC posted a loss of $858 million in the final quarter of last year.
PiggyBankBlog Courtroom Bailiff: “All Rise! Gold Olympian Cindy Brown has entered the Courtroom of Public Opinion in recent PiggyBankBlog Court of Public Opinion Radio Interview!”.