HSBCs IB revenues mixed as profits leap
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 ...Please take a trial or subscribe to access this content.
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