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 able to cut another $400 million in costs, bringing the total to $4.5 billion since the beginning of 2011. HSBC Holdings plc (ADR) (NYSE:HBC) (LON:HSBA)’s core Tier 1 capital ratio also improved to 13.3% at the end of September, compared to 12.7% at the end of…
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