Anti-government protesters set up a catapult and barricade near an HSBC branch in Hong Kong’s Mong Kok district in this photo from October 6. Photo: Handout
HSBC to quicken cost cuts after third-quarter profit trails estimates on weaker retail banking, global markets
- Net profit drops by 24 per cent, the most since the final quarter 2016, while income on pre-tax basis comes below analysts’ estimates
- Retail banking and global markets business post double-digit profit drops in third quarter
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HSBC
Anti-government protesters set up a catapult and barricade near an HSBC branch in Hong Kong’s Mong Kok district in this photo from October 6. Photo: Handout