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HSBC says first-half pre-tax profits soared to $21.7 bn

Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to $21.7 billion in the first half of 2023, boosted by higher interest rates.

“We have delivered a strong first-half performance and are confident of achieving our revised mid-teens return on tangible equity target in 2023 and 2024,” chief executive Noel Quinn said in a statement. (BSS/AFP)

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