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Montevideo, March 21st 2023 - 01:38 UTC

Tag: HSBC Brazil

  • Tuesday, November 3rd 2015 - 10:03 UTC

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

    The bank announced thousands of job cuts in June, along with asset sales, as part of cost-cutting measures to improve returns to shareholders.

    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.