HSBC has reported a rise in third quarter profit, driven by a strong showing from its retail and wealth management units. HSBC has reported a rise in third quarter profit, driven by a strong showing from its retail and wealth management units. These are encouraging results that demonstrate the revenue potential of HSBC HSBC chief executive John Flint “These are encouraging results that demonstrate the revenue potential of HSBC” https://www.independent.ie/world-news/hsbc-banks-increased-third-quarter-profits-37469251.html “These are encouraging results that demonstrate the revenue potential of HSBC” https://www.independent.ie/world-news/hsbc-banks-increased-third-quarter-profits-37469251.htmlThe results, which beat expectations, also showed that on an adjusted basis, pre-tax profit jumped 16% to 6.2 billion US dollars (£4.8 billion). New chief executive John Flint, who took over as top dog in February, said: “These are encouraging results that demonstrate the revenue potential of HSBC. Three quarters of the bank’s profits so far this year have come from its Asian operations, leaving the European business trailing in its wake.

Source: Irish Independent October 29, 2018 07:41 UTC