HSBC's core capital ratio leaps to 13.9%
This boosts the outlook for dividend payments; but Q3 pretax profit falls 86% on sale of Brazil unit
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Hong Kong
HSBC Holdings on Monday posted a sharp jump in its core capital ratio to 13.9 per cent at the end of the third quarter, even as reported pretax profit dropped sharply, bolstering the outlook for near-term dividend payments.
The surge in capital ratio boosted the Hong Kong stock of Europe's biggest bank, and eased analyst concerns about its ability to build capital buffers in order to maintain its dividend payouts.
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