Credit business shines as HSBC vows to speed up change

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By Jasper Cox
27 Oct 2020

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.

HSBC also said that its transformation programme for 2020 to 2022, announced in February, was on track, with Quinn adding during a conference call: "We'll go further and faster wherever we can."

This echoed what he said three months ago at the second quarter results, ...

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