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HSBC more than doubles pre-tax profits to US$17.2b in 2017

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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.

[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

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