HSBC announces $1.2 bn drop in quarterly profits

NAMPA / DPA
2025-10-28
London (PA Media/dpa) - HSBC reported pre-tax profits of $7.3 billion for the third quarter - a drop of $1.2 billion on the same period 12 months ago. The announcement comes a day after the banking giant revealed it will set aside $1.1 billion following a court ruling related to a long-running lawsuit brought by investors who lost money in Bernard Madoff's investment fraud. The British lender said the drop in profits compared to 2024 "reflected a......
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