HSBC chief says ‘UK growth needs strong banks’ after profits swell by 23%
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Summary
HSBC chief says ‘UK growth needs strong banks’ after profits swell by 23%. HSBC has rounded off a bumper reporting season for the UK’s high street banks. Meanwhile, the group’s operating expenses went up over the first half as a result of plans to invest further in technology, and the impact of inflation.
Furthermore, Profit growth was driven by higher net interest income and increased fee income, particularly from its wealth management and banking services, according to the bank.
Cross-referenced from 2 sources.
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HSBC chief says ‘UK growth needs strong banks’ after profits swell by 23%.
reliability moderate2/2 sourcesHSBC has rounded off a bumper reporting season for the UK’s high street banks
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
Meanwhile, the group’s operating expenses went up over the first half as a result of plans to invest further in technology, and the impact of inflation.
according to The IndependentProfit growth was driven by higher net interest income and increased fee income, particularly from its wealth management and banking services, according to the bank.
according to The Independent
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