'Dealing Profits' Surge At HSBC Holdings But FX Gains Down From 1992 Second Half
BANKS
HSBC Holdings reported its interim earnings last week, posting a 126 percent increase in pretax profits over the first half of last year, much of it attributable not only to the group's merger with Midland Bank, but also to a big jump in 'dealing profits', which grew 156 percent.
This trading income, which is a gross, not a net figure, was £522 million for the first half of 1993, up 13 percent over the second half of last year, when the bank posted earnings of £460 million. Like other U.K. banks
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