11/10/2011

HSBC doubles profits

Stripping out the gain, underlying profits at HSBC were actually down $1.6bn compared to the same period in 2010 at $3bn, as the bank was hit by a fall in revenues in investment banking and new impairments in its North American business.

11/10/2011

HSBC delays decision on quitting UK

HSBC has delayed a decision on whether to move its headquarters out of the UK, saying it had "no idea" how the Government intends to implement the recommendations of the Independent Commission on Banking (ICB).