create account

HSBC banks initiated a new strategy and increased profits by unona

View this thread on steemit.com
· @unona ·
HSBC banks initiated a new strategy and increased profits
<html> <p>https://cdn.steemitimages.com/DQmTc5Lk6duyYtkw3rxJ2kC73HW7DyVTHz35LWn3e74ZR4j/image.png</p> <p><br></p> <p><strong>HSBC has boosted its profits as it pushes ahead with the strategy put in place by new chief executive John Flint.</strong></p> <p><br></p> <p>The lender has reported pre-tax profit of 10.7 billion US dollars (£8.2 billion) for the half-year ended June 30, up from 10.2 billion US dollars (£7.9 billion) for the same period in 2017.</p> <p>Adjusted pre-tax profits fell from 12.4 billion US dollars (£9.6 billion) to 12.1 billion US dollars (£9.3 billion), which HSBC said was due to hiring more staff and expanding its digital network.</p> <p>The bank’s revenue for the period was 27.3 billion US dollars (£21 billion), up 4.2% year on year from 26.2 billion US dollars (£20.2 billion).</p> <p>HSBC also announced that Jonathan Symonds, who is currently chairman of HSBC Bank, will become deputy group chairman of HSBC Holdings.</p> <p><br></p> <h1>£8.2bn &nbsp;HSBC pre-tax profit for the six months to June 30</h1> <p><br></p> <p>Mr Flint, HSBC’s group chief executive, said: “HSBC is a strong business with a number of clear commercial advantages.</p> <p><br></p> <blockquote>In particular, we are a leading international bank with a network that gives us unparalleled access to high-growth markets, particularly in Asia and the Middle East.</blockquote> <p><br></p> <p>HSBC said in June that it was aiming to simplify its business, while also investing billions in technology under Mr Flint, who was appointed chief executive earlier this year.</p> <p>The lender released an eight-point plan, saying it will look to boost growth across its Asia business, complete the ring-fencing of its UK bank, boost its share of the mortgage market and improve customer service.</p> <p>Mark Tucker, HSBC’s group chairman, said - <em>We have created a strategy that builds on past achievements to improve the group’s competitiveness and increase value for shareholders.</em></p> <p><br></p> <blockquote>It focuses on areas where HSBC is already strong, but which also hold the greatest capacity for revenue growth and value creation.</blockquote> <p><br></p> <p><strong>Jasper Lawler, head of research at London Capital Group, said the results from HSBC, Europe’s biggest bank, made for a positive start to the week for European markets.</strong></p> </html>
👍  , , , , , , , , , , , ,
👎  ,
properties (37)
authorunona
permlinkhsbc-banks-initiated-a-new-strategy-and-increased-profits
categorynews
json_metadata{"tags":["news"],"app":"steemit/0.1"}
last_update2018-08-08 06:28:24
created2018-08-08 06:28:24
active2018-08-08 14:28:33
last_payout2018-08-15 06:28:24
depth0
children1
net_rshares-213,297,452,858
vote_rshares0
children_abs_rshares0
cashout_time1969-12-31 23:59:59
max_cashout_time1969-12-31 23:59:59
total_vote_weight0
reward_weight10,000
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
author_rewards0
net_votes11
root_authorunona
root_permlinkhsbc-banks-initiated-a-new-strategy-and-increased-profits
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
allow_repliestrue
allow_votestrue
allow_curation_rewardstrue
beneficiaries[]
root_title"HSBC banks initiated a new strategy and increased profits"
pending_payout_value0.000 SBD
total_pending_payout_value0.000 STEEM
author_reputation-4,148,908,504
promoted0.000 SBD
body_length0
reblogged_by[]
author_curate_reward""
vote details (15)
@steemitboard ·
Congratulations @unona! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x70/http://steemitboard.com/notifications/firstvoted.png)](http://steemitboard.com/@unona) You got a First Vote
[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png)](http://steemitboard.com/@unona) Award for the number of upvotes received

<sub>_Click on the badge to view your Board of Honor._</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



> Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
properties (36)
authorsteemitboard
permlinksteemitboard-notify-unona-20180808t142835000z
categorynews
json_metadata{"image":["https://steemitboard.com/img/notify.png"]}
last_update2018-08-08 14:28:33
created2018-08-08 14:28:33
active2018-08-08 14:28:33
last_payout2018-08-15 14:28:33
depth1
children0
net_rshares0
vote_rshares0
children_abs_rshares0
cashout_time1969-12-31 23:59:59
max_cashout_time1969-12-31 23:59:59
total_vote_weight0
reward_weight10,000
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
author_rewards0
net_votes0
root_authorunona
root_permlinkhsbc-banks-initiated-a-new-strategy-and-increased-profits
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
allow_repliestrue
allow_votestrue
allow_curation_rewardstrue
beneficiaries[]
root_title"HSBC banks initiated a new strategy and increased profits"
pending_payout_value0.000 SBD
total_pending_payout_value0.000 STEEM
author_reputation23,741,787,584,400
promoted0.000 SBD
body_length0
reblogged_by[]