While HSBC announced a new $3-billion share buyback and said profits for July-September more than doubled amid higher interest rates, its shares reacted with a shrug
The banking giant said pre-tax profits jumped by $4.5billion to $7.5billion in the three months ending September, although this was still below analyst expectations of $8.1billion.
Banking giant HSBC's profits have more than doubled as it benefited from rising interest rates around the world. The London-based lender posted pre-tax profit…
Silicon Valley Bank: HSBC £1 Deal To Buy Collapsed Bank To Boost Profit brudirect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brudirect.com Daily Mail and Mail on Sunday newspapers.
Silicon Valley Bank, one of the most prominent lenders to tech startups and VC firms, was the first to implode on March 10. Regulators seized CVB, and later, Signature Bank, a New York financial institution with a large real estate lending business.