HSBC sees first half profits more than double

Mark Battersby
clock • 2 min read

Global banking giant HSBC saw pre-tax half year profits leap to $10.8bn, compared to $4.32bn for the same time last year, signalling a belwether move away from its bad debt era. The figures come as the global economy emerges from the impact of the coronavirus pandemic. HSBC chief executive Noel Quinn said in the statement today (2 August): "I'm pleased with the momentum generated around our growth and transformation plans, with good delivery against all four pillars of our strategy. In particular, we have taken firm steps to define the future of our US and continental Europe business...

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