HSBC profits up following massive cut of jobs and sale of assets

Tuesday, November 3rd 2015 - 10:03 UTC

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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

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Britworker
I would be surprised if they moved out of London
Nov 03rd, 2015 - 10:56 pm - Link - Report abuse 0
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ChrisR
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.

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.
Nov 04th, 2015 - 05:46 pm - Link - Report abuse 0
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