Rates, credits hurt HSBC’s global markets revenue

HSBC 4
By Addison Gong
29 Oct 2018

HSBC recorded better profitability and higher revenues at the group level for the first nine months of 2018, with Asia continuing to play a key role. But the bank’s global markets business took a hit.

The bank saw a 12% rise in its reported profit before tax (PBT) to $16.6bn for the nine months ended September 30, 2018, with revenue growth in all its global businesses, according to its 2018 third quarter earnings release published on Monday. The adjusted profit before tax for ...

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