Lower costs from regulatory fines have contributed to higher profits for HSBC. Pre-tax profit at Europe's biggest lender jumped 32% from a year ago in the third quarter, beating analysts' expectations. Profit reached $6.1bn, up from $4.6bn in the same period a year earlier and above forecasts of $5.2bn. Read full article
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!
I would be surprised if they moved out of LondonNov 03rd, 2015 - 10:56 pm - Link - Report abuse 0
These are NOT extra profits: they have come about due to sell-offs of assets they shouldn't have purchased and the sackings of people due to management failure.Nov 04th, 2015 - 05:46 pm - Link - Report abuse 0
Never forget that in a correctly run business the workers WORK and the management are responsible for the correct management of those workers. It's usually only when weak management bow down to the unions or have bone-headed management that companies go tits-up. HSBC is no different.