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HSBC bank sees first-half profit more than double

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Global banking giant HSBC has recorded record first-half profits.

The bank’s profits have more than doubled to US$10.8 billion.

https://twitter.com/tickerNEWSco/status/1422079281341952004?s=20

The bank says it would pay a dividend of 7-cents per share after the Bank of England scrapped payout curbs last month.

It also says that given the brighter global outlook as economies recover better than expected from the pandemic.

It now expects credit losses to be below its medium-term forecast of 0.3 to 0.4 percent of its loans.

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