HSBC yearly income approached 13.8 billion British Pounds

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Source: BBC
HSBC's yearly profits gained 15% attaining 13.8 billion British Pounds. The bank attributed its sound performance to growing revenues from fast-developing markets as Asia, Middle East, Latin America and North Africa where revenues increased by 12% over the year. These regions currently account 49% of the bank's revenue.  HSBC is the most profitable among Western banks, outcompeting its rival JP Morgan that reported 12 bullion British Pounds of profit in 2011.


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Mon, 27 Feb 2012 12:56:43 GMT

Italy's borrowing costs fell after six-year bills sale

Italy sold about 8.75 billion Euros of six-month treasury bills with yield 1.202%, reported Italy's Treasury on Monday. The borrowing costs fell by 1.97% since last month. The demand was strong, with bids exceeding supply 1.36 times. Meanwhile, 10-year bond yield added 5 basis points approaching 5.44%, reported FactSet Research.

Mon, 27 Feb 2012 15:24:29 GMT

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