HSBC more than doubled its profits in the first half of the year, as rising interest rates increased returns for the London-headquartered lender.
The bank reported pre-tax profits of $21.7bn (£17bn) in the first six months of 2023, up from $8.8bn during the same period last year, despiteputting aside more money to protect against potential defaults, as rising living costs put pressure on customers’ finances.
