Sat, 2019-05-04 03:20
HONG KONG: HSBC Holdings beat forecasts with a 31 percent rise in first quarter profit, bolstered by a surge in income from its core Asian business and lower costs that outweighed a poor performance from investment banking.
Reining in costs has been one of the biggest challenges for HSBC Chief Executive John Flint, with the bank last year missing its target of “positive jaws” — which tracks whether the bank is growing revenues faster than costs.
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from ArabNews http://bit.ly/2DLz9m4
via Latest News of Dubai
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