HSBC: FTSE 100 giant beats profit expectations and pledges more cuts

HSBC surpassed analyst profit expectations in its annual results as its new boss reiterated its focus on slashing costs.  The FTSE 100 lender published its first set of results with Georges Elhedery at the helm this morning, covering the fourth quarter and full-year 2024. For the fourth quarter, it recorded a $2.3bn (£1.8bn) profit before tax [...]