HSBC’s Net Profit Doubles To $6.8 Billion

HSBC Holdings plc (HBC) said Monday that its net profit for the first half of the year doubled as it sharply reduced impairment charges and booked a gain on the value its own debt. The U.K.-based but Asia-focused bank reported a $6.76 billion net profit for the period, up from $3.35 billion a year earlier. – WSJ