Tuesday, 8 May 2012

Investment bank, cost cuts help HSBC top forecasts

LONDON (Reuters) - HSBC beat expectations with an underlying first-quarter profit of $6.8 billion as Europe's biggest bank saw a rebound in investment banking, growth in Asia and a fall in U.S. bad debts.

Source: http://feeds.reuters.com/~r/reuters/businessNews/~3/htsrcjNcu7M/us-hsbc-results-idUSBRE84617Y20120508

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