USEUROPEAFRICAASIA 中文双语Français
Home / Sports

HSBC profit driven by investment arm

China Daily | Updated: 2009-05-12 08:11

HSBC profit driven by investment arm

HSBC Holdings, Europe's biggest bank, said its first quarter profits were "well ahead" of last year, swelled by record results in its investment bank arm and gains on the value of its own debt.

Excluding the fair value gains on its own debt, first quarter profit was below a year ago, but "significantly higher" than in the fourth quarter, the bank said.

Loan impairment charges and other credit risk provisions were higher than a year ago but lower than the previous quarter on both an underlying and reported basis.

HSBC profit driven by investment arm

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US