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Read More »HSBC records pre-tax profit of £23bn due to high interest rates | City & Business | Finance
Banking giant HSBC has announced pre-tax profits rose by 78% – fuelled largely due to the high interest rates. Its pre-tax figures show profit rose to £23bn ($30.3) in 2023, up from £13.8bn ($17.5) in 2022. It comes as banks across the world rose interest rates to help curb rising …
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