Banking giant HSBC has vowed to return shareholder dividend payouts to pre-pandemic levels ‘as soon as possible’ as it comes under pressure from its biggest investor to break up the group (Matt Crossick/PA)
(Picture: PA Archive)HSBC today kicked off bank reporting season with a boom in profits that is likely to add to calls for a windfall tax on the sector – and revealed the surprise departure of number two executive Ewen Stevenson.
A surge in interest rates around the world saw the global bank’s third quarter profits jump by $1 billion to $6.5 billion, even higher than the City’s optimistic expectations.
