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The article discusses a significant decline in HSBC's performance, with profits dropping by 80%. Economic conditions and challenges led to a decrease in its market value, as well as layoffs and plans for restructuring within the HSBC Group. Data shows that net income fell from $39 billion to less than $8 billion, with expectations of continued decline in the upcoming period. The report also indicated that the poor performance is attributed to market changes and global economic impacts. Third-quarter results point to ongoing challenges despite some improvement in financial indicators.
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