SINGAPORE/LONDON (Reuters) -- HSBC brought forward its key profitability target by a year and more than doubled its annual profits, as expected bad loans from the COVID-19 pandemic failed to materialize and it looked forward to rising interest rates lifting income.
Finance
HSBC brings key profit target forward on rising rates
Lender reports $18.9bn pretax profit last year, up from $8.8bn in 2020
HSBC is taking advantage of lower-than-expected impairment charges. © Reuters
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