HSBC Holdings (HSBC) reported a second-quarter 2024 pre-tax profit of $8.9 billion, up 1.5% from the prior-year quarter. The reported quarter included a loss related to the recycling of reserves following the completion of the sale of the business in Russia. This was partly offset by growth in Securities Financing and Equities in Global Banking and Markets, and from Wealth in Wealth and Personal Banking.Results were aided by a decline in expected credit losses and other credit impairment charges (ECL). Howe ...