HSBC’s shares rise after Q1 profits beat forecasts
The bank’s CET1 ratio was some 0.5% higher than expected
The bank’s CET1 ratio was some 0.5% higher than expected
Osborne says up to 5% of bank will be sold
Tougher regulations and low market volatility hit trading business, bank says
Lender has closed or sold more than 60 businesses since 2011
But cost-cutting programme is starting to show ‘material benefit’ and will help offset drop
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