HSBC Holdings PLC swung to a third-quarter net profit and said increased investment in its Asia business was paying off, with revenue there rising. The U.K. banking giant on Monday posted a $3.24 billion net profit for the period versus a net loss of $204 million in the comparable quarter of 2016, on revenue up 36% to $12.98 billion. On a pretax basis, the bank’s profit surged to $4.62 billion from $843 million a year ago. Executives...

Source: Wall Street Journal October 30, 2017 04:52 UTC