By Sherry Qin HSBC Holdings PLC's third-quarter net profit more than doubled as the London-based banking giant continued to benefit from higher interest...
HSBC Holdings PLC's third-quarter net profit more than doubled as the London-based banking giant continued to benefit from higher interest rates and sharply higher non-interest income.
The bank's quarterly revenue rose 40% compared with the same period a year earlier to $16.2 billion. It attributed the growth to the higher interest rate environment, which supported growth in net interest income in all of their global businesses and higher non-interest income.
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