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HSBC reports bumper profits on rising interest rates
HSBC reports bumper profits on rising interest rates
Business and Economy
by  AFP

Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to $21.7 billion in the first half of 2023, boosted by higher interest rates. With regards the outlook, it said: "Given the current market consensus for global central bank rates, we have raised our 2023 full-year guidance for net interest income to above $35 billion."