HSBC Pledges to Restore Pre-Covid Dividends as Profit Jumps

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International banking large HSBC Holdings PLC mentioned it might resume paying full dividends to buyers and warned that its high shareholder’s push to separate up the corporate would jeopardize revenue and development.

Revenue on the London-based lender rose 62% within the second quarter from a 12 months earlier to $5.5 billion, the corporate mentioned Monday. The financial institution mentioned it acquired a lift from rising rates of interest worldwide, which have elevated the cash the financial institution earns on loans to companies and shoppers.

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