HSBC posts ‘record profit’ of $30.3B
HONG KONG: HSBC said on Wednesday it achieved “record profit” in 2023 as pretax profits soared by nearly 80 percent, with the banking giant also announcing further share buybacks. The Asia-focused lender and its peers have been buoyed by rising interest rates for more than a year, but are bracing for greater economic uncertainties in […]
T Kauer 
HONG KONG: HSBC said on Wednesday it achieved “record profit” in 2023 as pretax profits soared by nearly 80 percent, with the banking giant also announcing further share buybacks.
The Asia-focused lender and its peers have been buoyed by rising interest rates for more than a year, but are bracing for greater economic uncertainties in 2024.
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