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Evening Standard
Evening Standard
Business
Anna Wise

HSBC set to unveil bigger profits as cost-cutting overhaul in focus

HSBC Barclays NatWest United Kingdom Lloyds
HSBC, which is the UK’s largest bank, is set to publish its annual results on Wednesday (PA) - (PA Archive)

HSBC is set to unveil bigger profits as investors prepare for an update on the bank’s cost-cutting overhaul, while earnings for Lloyds will be in focus amid a long-running motor finance probe.

Rivals Barclays and NatWest set the tone for the banking sector when they reported stronger earnings this week, despite UK interest rates starting to come down.

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