Credit business shines as HSBC vows to speed up change

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Credit business shines as HSBC vows to speed up change

Jasper Cox
October 27, 2020 04:15 pm
HSBC_PA_575x375_27October2020.jpg
Commuters wearing masks ride on a tram as it passes in front of the British multinational banking and financial services holding company HSBC headquarters in Hong Kong. (Photo by Budrul Chukrut / Sopa Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

HSBC's credit and equities business lines were the standout performers in the global banking and markets division (GBM) in the third quarter, the bank's results showed on Tuesday. Meanwhile, group chief executive Noel Quinn said the firm was adapting its business model to chronic low interest rates.

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