Performance in Brazil is a negative in an otherwise positive earnings report from HSBC as the...

|By:, SA News Editor

Performance in Brazil is a negative in an otherwise positive earnings report from HSBC as the bank - specifically citing Brazil - said loan impairment charges in Latin America in Q3 jumped 25%. The country's banking sector has lost 10% of its value this year thanks to slowing growth no longer being able to mask a rise in non-performing loans.