HSBC reports $8.5b pre-tax profit in third quarter

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Banking giant HSBC said Tuesday that pre-tax profit in the third quarter rose 10 per cent year-on-year, citing revenue growth in two divisions. This comes days after the lender announced an organizational overhaul. HSBC said in an earnings release that the rise in pre-tax profit to $8.5 billion reflected a strong performance in its wealth

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