Wealth and Asset Management
HSBC profits rise for 2013 thanks to cost-cutting
HSBC has reported a 9% rise in profit for last year, boosted by cost cuts as it restructured the business. Reported pre-tax profit was $22.6bn (£13.6bn), compared with $20.6bn in 2012, the bank said. The bank sold or closed 20 non-strategic businesses last year as it streamlined the business. "The…
Continue Reading
Subscribe to unlock the full article and access premium financial content.