Global banking giant HSBC reported a sharp rise in fourth-quarter profit, driven by higher interest rates
Global banking giant HSBC Holdings PLC reported a sharp rise in fourth-quarter profit, driven by higher interest rates.
The bank’s profit more than doubled in the final three months of 2022 from a year earlier to $4.6 billion, HSBC said Tuesday. That beat analysts’ estimates of $3.4 billion in profit, according to an HSBC-compiled
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD to weaken further over the longer term – HSBCRecently released US activity data was stronger than expected. But HSBC’s conviction remains the same, the broader USD is seen weakening in the longer
Read more »
HSBC Q4 profit nearly doubles as rising interest rates boost revenueHSBC Holdings reported a better-than-expected 92% surge in quarterly profit on Tuesday as rising interest rates swelled its net interest income, encouraging Europe's largest bank to reiterate it could meet a key performance target for this year.
Read more »
HSBC reports fourth-quarter pre-tax profit of $5.2 billion, beating estimatesAnalyst estimates compiled by the bank had expected a jump of 87% to $4.97 billion.
Read more »
A Love Letter to All My Exes’ Exes’ Instagram Accounts'Those big-time exes from college, the guys from my 20s who’ve moved on to new lives in new cities — I couldn’t tell you where they are now, mostly because I don’t care. But the ex-girlfriends who came before me? Allegra was at a rave last weekend'
Read more »
Twitch Boss Wife Allison Posts Emotional Tribute Video to Late HusbandAllison Holker, the widow of Stephen 'tWitch' Boss, posted an emotional video about her late husband.
Read more »
Ukraine posts video of Russian tank erupting in flames before explosionThick black smoke could be seen billowing from the destroyed tank.
Read more »