Morning Scan: HSBC Says Workers Play It Too Safe; CFPB Targets Debt ...

Receiving Wide Coverage ...

HSBC Earnings Fall: HSBC's first-half profit dipped 5% from the same period a year ago because of sluggish performance in its investment banking, wealth management and retail businesses. Its net profit was $9.46 billion, compared to $10 billion. HSBC chairman Douglas Finch cited employees' fear of regulatory punishment as a mounting concern. "There is Â... an observable and growing danger of disproportionate risk aversion creeping into decision-making in our businesses as individuals,...