A billion-dollar revenue swing in HSBC’s credit and rates businesses dragged pre-tax profits at its global banking and markets unit down by nearly half, as challenging trading conditions and eurozone uncertainty took their toll in the third quarter.
Showing posts with label Europe. Show all posts
Showing posts with label Europe. Show all posts
Wednesday, November 9, 2011
Europe drags on HSBC's global banking and markets business
A billion-dollar revenue swing in HSBC’s credit and rates businesses dragged pre-tax profits at its global banking and markets unit down by nearly half, as challenging trading conditions and eurozone uncertainty took their toll in the third quarter.
Subscribe to:
Posts (Atom)