HSBC annual profits up by 36%, costs mount in Asia

1 March 2011 | 2 minutes read

HSBC announced 12 month results for the year ended 31 December 2010 that showed strong growth in the groups profits which grew by 36% over the previous year, coming in at US$18.4 billion. The bank was profitable in every geographical region where it has a presence, including North America, for the first time since 2006. In Asia, the groups banking…

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