The British bank HSBC Holdings has ended the third quarter of 2012 with pre-tax earnings of $3,5 billion, while current income – without considering the impact of the disposals and changes in the value of its debt – amounted to 5 billion dollars, up 125% compared to the 2,2 billion realized in the same period of 2011.
The Core tier 1 coefficient of the group is equal to 11,70% as at 30 September. The British bank's profitability was positively affected by the sharp decline in problem debt, but contemplates provisions for another 800 million dollars to cover a possible fine by the American authorities who have launched an investigation into possible money laundering in Mexico, an amount that adds to the 700 million already set aside in July.
