HONGKONG, China (AFP) — HSBC said profits were up Monday in the first half of the year in what it called an “excellent” result after a turbulent 2016. The Asia-focused giant has been on a recovery drive over the past two years to streamline the business and slash costs, and has laid off tens of thousands of staff. Pre-tax profit for the six months to June rose five percent to $10.2 billion compared with $9.7 […]

HONG KONG, China (AFP) — HSBC said on Thursday that pre-tax profit fell 19 percent in the first three months of the year but the bank’s chief described them as “a good set of results” after a turbulent 2016. The London-based giant has been on a recovery drive over the past two years aiming to slash costs with measures including laying off tens of thousands of staff and slimming down its business. It blamed the […]