{"id":284288,"date":"2011-02-28T09:55:19","date_gmt":"2011-02-28T09:55:19","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/02\/28\/hsbc-sees-profits-double-in-2010\/"},"modified":"2011-02-28T09:55:19","modified_gmt":"2011-02-28T09:55:19","slug":"hsbc-sees-profits-double-in-2010","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/02\/28\/hsbc-sees-profits-double-in-2010\/","title":{"rendered":"HSBC sees profits double in 2010"},"content":{"rendered":"<p><div readability=\"59.2747252747\">\n        \t\t  <span><br \/>\n    <span>28 February 2011<\/span><br \/>\n<span>Last updated at <\/span><span>04:04 ET<\/span><br \/>\n<\/span><\/p>\n<p>HSBC, Europe&#8217;s biggest bank, has reported pre-tax profits of $19bn (\u00a311.8bn) for 2010, more than double the $7.1bn figure for 2009. <\/p>\n<p>HSBC said it has been profitable in every customer group and region for first time since 2006.<\/p>\n<p>Stuart Gulliver, recently appointed as HSBC chief executive, said the bank had made &#8220;a good start to the year&#8221;.<\/p>\n<p>Unlike rival banks Lloyds and RBS, HSBC survived the financial crisis without receiving direct government support. <\/p>\n<p>HSBC did cut its return on equity target, a measure of profitability, citing tougher capital requirement regulations. <\/p>\n<p>&#8220;Overall, it&#8217;s a good set of numbers but on the net income figure, they came in a little shy on what analysts were expecting. The return on equity target is also a little light,&#8221; said Ion-Marc Valahu, a fund manager at ClairInvest.<\/p>\n<p>Earlier in February rival banking group Barclays reported pre-tax profits of \u00a36.07bn for 2010.<\/p>\n<\/p><\/div>\n<\/p>\n<p>See original here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-12591223\" title=\"HSBC sees profits double in 2010\" rel=\"noopener noreferrer\">HSBC sees profits double in 2010<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 28 February 2011 Last updated at 04:04 ET HSBC, Europe&#8217;s biggest bank, has reported pre-tax profits of $19bn (\u00a311.8bn) for 2010, more than double the $7.1bn figure for 2009. HSBC said it has been profitable in every customer group and region for first time since 2006<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-284288","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HSBC sees profits double in 2010 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/02\/28\/hsbc-sees-profits-double-in-2010\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"HSBC sees profits double in 2010 - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"28 February 2011 Last updated at 04:04 ET HSBC, Europe&#039;s biggest bank, has reported pre-tax profits of $19bn (\u00a311.8bn) for 2010, more than double the $7.1bn figure for 2009. 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