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HSBC Earnings Are Mixed Bag: Expert

Monday, 30 Jul 2012 | 4:35 AM ET

"HSBC are underperforming the bank sector as a whole which is reasonably robust, the numbers aren't great in terms of the fact that there was about 2 billion of additional charges put in there, on the other side the Asian business which is 85 percent of the underlying profits performed well," Chris Wheeler, analyst at Mediobanca, told CNBC.