HSBC reports rise in profits
By Richard Wright | 25th October 2021
HSBC has posted a profit of nearly £4 billion for the quarter to September.
That's a 74% rise on the previous year - from £2.2 billion to £3.9 billion.
Noel Quinn, chief executive of HSBC, said: "We believe that the lows of recent quarters are behind us."
The international bank, with headquarters in London, said it would now launch a share buyback of up to £1.45 billion.
Last week Barclays revealed that its profits had doubled to nearly £7 billion so far this year.
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