NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of HSBC Holdings plc (NYSE: HSBC) concerning possible violations of federal securities laws.
On February 20, 2018, HSBC announced full-year profit that fell below analyst expectations. HSBC’s bad loan charges were increased to $1.77 billion for the year, due in part to debt related to Steinhoof International Holdings N.V., which announced significant account irregularities in December 2017 and is restructuring, and Carillion plc, which entered liquidation proceedings in January 2018. HSBC advised investors it would delay a share buyback program while raising additional debt in the first half of 2018. To obtain additional information, go to:
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