HSBC has revealed its quarterly profits have leapt by nearly a third as it nears the end of a two billion US dollar (£1.5 billion) cost-cutting programme.
A hospitality group is rolling out a new expansion strategy across the UK with the support of a nine-figure funding package from HSBC UK.
HSBC has warned over a potential hit to revenues and rising bad debts in the event of significantly higher tariffs worldwide as it posted lower quarterly profits and forecast lending will remain muted in 2025.
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