Asia focus pays off for HSBC as profits rise

By John Loh
25 Feb 2016

HSBC’s Asian business gained momentum last year, with the bank booking the lion’s share of its earnings from the region. But there are challenges ahead, with the firm under investigation by the US Securities and Exchange Commission (SEC) for its hiring practices.

Asia’s contribution to profit before tax rose to 83.5% for the year ended December 31, 2015, from 78.3%, or to $15.76bn compared with $14.63bn the previous year, according to HSBC’s full year results announced on Monday. In second place was the Middle East and North Africa, which delivered $1.54bn ...

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