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Briefs: HSBC continues to shrink

The global reset and shrinkage of HSBC's balance sheet continues, with the bank reporting a Q3 US13 billion drop in risk weighted assets during the September quarter. This brings HSBC's total reduction in RWAs to US$309 billion since the start of 2015, HSBC said in an earnings release. HSBC said its leverage ratio held steady at 5.7 per cent, while its CET1 ratio dropped 10 basis points to 14.6 per cent. The bank reported US$3.5 billion net profit for the quarter, 12 per cent less than the average profit for the two prior quarters.

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