Canary In A Contained Coalmine? HSBC Crashes Most Since Crisis On ‘Surprise’ Revenue Plunge

Tuesday, February 21, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Feb 21, 2017

Just over 10 years ago, HSBC was the first canary in the world’s financial crisis coalmine to signal trouble ahead. Today’s 7% bloodbath in the banking behemoth is the biggest drop since the financial crisis after reporting fourth-quarter profit that missed estimates on a surprise drop in revenue, which it warned could fall again this year.

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