HSBC profits rise but currency volatility weighs
HSBC pre-tax profits lifted 32% to $6.1bn in the three months to September 30
Company
LON:HSBA
HSBC serves customers worldwide from more than 9,500 offices in 85 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC is one of the world's largest banking and financial services organisations.
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HSBC pre-tax profits lifted 32% to $6.1bn in the three months to September 30
Marks reports on Wednesday, while a host of other companies report alond with a slew of economic data.
The UK banks are stumping up US$924mln, with Barclays charged the most of the three, at US$384.
Banking results season is imminent, prompting a few brokers to take stock.
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Companies covered: HSBC, Learning Technologies Group, Sainsbury's, Tesco, Wolseley
Companies featured in the broker spotlight: Wolseley, SABMiller, Coca-Cola, UK banks, Tullow Oil
Companies featured in the broker spotlight: Wolseley, SABMiller, Coca-Cola, UK banks, Tullow Oil
Switzerland's Weko watchdog is looking into seven banks.
Investments and investor services
In London, the FTSE100 ended 82 points lower to 6,104, after a bizarre moment earlier in the day.
So-called "basket trade" caused 60-point plunge in FTSE 100 Index
Investments and investor services
Barclays, Lloyds, HSBC, William Hill, BP, RIO, Avation and Talk Talk were all in Tuesday’s broker spotlight
The banks settled with US investors, agreeing to a payout which takes the overall total paid to the investors to US$2bn (£1.28bn) from nine banks.
Producer Prices data gave a lift to US prices after a tepid start
Detailed work has started meanwhile on whether HSBC remains based in the UK.
Investments and investor services
In the UK, miners suffered on the news of the slowdown in the world’s second largest economy.
Investments and investor services
HSBC and Standard Chartered are often bracketed together because of their focus on Asian markets, and they continue their double-act this week.
Investments and investor services
There are lots of departures being announced this morning, but Barclays is keeping mum over reports that it will be announcing more redundancies
Payouts excluding special dividends hit £28.3bn in the second quarter.
Prudential, HSBC, Playtech and Halfords were all in Monday's broker spotlight