HSBC doubles annual profits as bad Covid loans fail to materialise
Rising interest rates worldwide to lift income, bank says
Rising interest rates worldwide to lift income, bank says
Bank releases $400 million it had set aside to cover pandemic-induced bad loans
European operations expected to bear brunt of initiative
Bank’s pretax profit for the first half rose to $12.41bn from $10.71bn a year earlier
But bank sounds upbeat note as it aims to meet key financial targets
Oil prices rose, boosting energy stocks, while Wall Street also opened higher
Departing CFO casts doubt on reports UK government may sell some of stake in bank
Deal clears the way for UK government to start selling down its more than 70% stake
British banks in general capitalised for ‘severe stress scenario’, says Bank of England
Clearer picture should emerge when RBS publishes its third quarter results on October 31st
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