HSBC shares down 7%, on track for worst day since 2009

Listen to this article

00:00
00:00

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.

Read more:

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.