Summary
HSBC yesterday fended off accusations that it was ripping off British customers as it set a new record for profits by a UK bank of pounds 11.9 billion.
The banking giant reported an 11 per cent jump in pretax profits to pounds 11.9 billion on the back of robust performances in Hong Kong and the US and a 28 per cent improvement at HSBC Bank, which covers Europe including the UK.See the full content of this document
Extract
New Rip-Off Row After Profits Rise
Its figures come in the wake of the pounds 7.95 billion profits at Royal Bank of Scotland and the pounds 5.28 billion made by Barclays - meaning that the big five banks earned more...
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