BBCNEWS World Business Report July 6, 2024
let's get down to business. hsbc has just reported a 92% surge in quarterly profit. rising interest rates helped to swell its net interest income. europe's largest bank that's headquartered in london said pre—tax earnings ringed in at $5.2 billion for the fourth quarter — that's better than expected and up from $2.7 billion the year before. but it's biggest shareholder, ping an insurance of china, is putting pressure on the board to pivot further east. that's one of the challenges facing hsbc. let's discuss this with will walker—arnott, senior investment manager, charles stanle...