1 week ago
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The BBC is reporting that HSBC has seen its quarterly profits jump by 10 per cent as the UK-based banking giant embarks on one of the biggest shakeups in its 159-year history.
The firm said its pre-tax profits rose to US $8.5 billion in the three months to the end of September, beating analysts’ expectations.
It comes just days after HSBC’s new boss announced a major overhaul of the company.
The firm will be divided geographically into eastern and western markets amid increasing geopolitical tensions and a need to cut costs.
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