HSBCs IB revenues mixed as profits leap

02 Aug 2010

The latest investment banking results from HSBC showed a mixed picture, with pre-tax profits for global banking and markets up from the second half of 2009, but down on last year’s first half.

On Monday the bank reported a pre-tax profit of $11bn in the first half, a 121% increase from the same period last year.

It posted $5.6bn in pre-tax profit for its global banking and markets division in the half year to June 30. That was up on last year’s ...

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