HSBC sees profits double to $11bn
The UK's biggest bank HSBC has reported pre-tax profits of $11.1bn (£7bn) for the first six months of 2010 - more than double its profits for the same time last year.
The bank said it was profitable in every region, except for North America where it saw losses of $80m. In the UK, profits totalled $2.1bn - a rise of 26%.
Unlike Lloyds and RBS, HSBC survived the financial crisis without receiving direct government support.
Nigel Cassidy reports.
02 Aug 2010
- From the section Business