The UK's biggest bank HSBC has reported pre-tax profits of $11.1bn (£7bn) for the first six months of 2010 - more than double its profits for the same time last year. The bank said it was profitable in every region, except for North America where it saw losses of $80m. In the UK, profits totalled $2.1bn - a rise of 26%. The UK's other major banks Lloyds, Barclays and RBS are due to report their results later this week. HSBC shareholders will receive a second dividend this year, totalling $1.4bn, in addition to the one announced earlier this year.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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