Shares in HSBC had dropped more than 6% in late-morning trading today after the UK lender reported a 62% fall in profits for 2016.
In a full-year results statement, the bank said that profits of $7.1 billion had been "adversely impacted by significant items of $12.2 billion". These included a goodwill write-off at its global private banking business. In 2015, profits had been $18.9 billion.
