HSBC profits surge by a third as cost-cutting exceeds target

NAMPA / DPA

2026-10-27

London (PA Media/dpa) - HSBC has revealed its quarterly profits have leapt by nearly a third as it nears the end of a $2 billion cost-cutting programme. The banking giant said it had made bigger savings than it originally set out to do. It reported a pre-tax profit of $9.6 billion for the three months to September, which was 32% higher than the same period last year. This was driven by it getting more income from interest rates, lower expected cr......

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