HSBC more than doubles pre-tax profits to US$17.2b in 2017
Published Tue, Feb 20, 2018 · 05:32 AM
[HONG KONG] Banking giant HSBC more than doubled pre-tax profit to US$17.2 billion in 2017, it announced on Tuesday, after a recovery drive to streamline its business and slash costs.
Adjusted pre-tax profit also rose 11 per cent year-on-year to US$21 billion as revenue growth outweighed operating expenses, the bank said.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say