HSBC’s Profits Surge: More Than Doubles Amidst Rising Interest Rates
HSBC’s profits more than doubled in the first half of 2023 HSBC’s profits more than doubled in the first half of 2023, thanks to rising interest rates around the world. The London-based bank posted a pretax profit of $21.7 billion for the first six months of the year, up from $9.2 billion a year earlier….