HSBC

Cost Efficiency Measures Help HSBC Post $5.1 Billion Pretax Profit

HSBC Holdings plc (ADR) (NYSE:HBC) (LON:HSBA)’s pretax profit rose to $5.1 billion in the three months ending in September, thanks to cost efficiency measures initiated by the bank.

HSBC Holdings plc (ADR) (NYSE:HBC) (LON:HSBA)’s third-quarter earnings rose 10% from the period a year earlier.

Cost-cutting initiatives

During the third quarter, Britain’s largest bank was . . .

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