Big profits expected from HSBC

Banking giant HSBC is set to unveil the biggest profits by a UK bank when it announces its full-year results today.

Mon, 28 Feb, 2005 - 07:25

Banking giant HSBC is set to unveil the biggest profits by a UK bank when it announces its full-year results today.

Analysts believe the bank, Britain's largest, will report profits of more than $17bn (€12.8bn/£8.8bn), breaking through the £9bn (€13bn) mark and easily outdoing its closest rival, Royal Bank of Scotland.

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