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The day isn’t getting any better for HSBC investors, with shares now on track for their worst day in almost eight years after the company revealed a slump in profits and said it is being investigated for failings around its money-laundering controls.
Shares in the bank, which fell around 5 per cent at the start of trading, had dropped 7.1 per cent by publication time to 661p.
If held, that would be their biggest one-day drop since the company’s £12.5bn rights issue in 2009.
- HSBC profits tumble on writedowns and one-off costs
- HSBC probed by regulator over money-laundering controls