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Yours biggest bank. Europes biggest bank. Europes biggest bank, hsbc, has reported a big jump in profits for last year. But its mainly because its been able to shake off the huge costs the company has faced in restructuring after a string of problems. It means there will be a strong base to build on when the new chief executive, john flint, takes the reigns from stuart guillver on wednesday. The numbers show that hsbc made a pre tax profit of 17. 2 billion for the calendar year of 2017. Thats up a massive 1a1 on the 7. 1 billion in made the year before. However, its still below expectations. The bank says adjusted pre tax profit of 21 billion gives a better idea of how the business is performing. It excludes one off items and Foreign Exchange losses and was up 11 on a year ago. The banks desire to focus more on asia, including expanding in china, is paying off too with 75 of profits now coming from the region. But despite these good numbers, the bank continues to have problems with the

United statesNew yorkUnited kingdomHong kongRichard bransonRichard branson virgin hyperloopDavid davisJohn flintStuart gulliverHsbc jean paulStrong baseBank saysForeign exchangeForeign exchange lossesExchange lossesInvestment firm