HSBC reported a 45% on-year fall in Q2 pretax profit and a 29% drop in H1 profit.
Chief executive Stuart Gulliver said the period of uncertainty following the referendum result in the UK was likely to continue for some time, and that it was still too early to tell which parts of its portfolio might be affected and by how much.
The bank’s other key market of Hong Kong is also facing uncertainty as the Chinese economy slows.
HSBC is in the process of moving its retail bank to Birmingham from London.
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