Seeking Alpha

HSBC (HBC): H1 pretax profit of $12.7B, up 11% on the year and above consensus of $12.5B....

HSBC (HBC): H1 pretax profit of $12.7B, up 11% on the year and above consensus of $12.5B. Underlying profit was down 3% on the year to $10.6B. Sets aside $2B to cover regulatory and compliance problems in the U.S. and UK. Core Tier 1 ratio of 11.3%, up from 10.1% in December. Shares -1.5% premarket. (PR .pdf)
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