LONDON: Scandal-hit global bank HSBC said Tuesday that net profits climbed by almost one per cent in the first quarter, aided by a “strong” performance at its investment banking division.
Earnings after taxation climbed to $5.26 billion (4.75 billion euros) in the three months to the end of March, compared with $5.21 billion a year earlier, the Asia-focused bank reported in a results statement, reports AFP.