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HSBC Q1 profits more than double to $6.35 billion

HSBC group, I also saw its net profit more than twice in the first quarter, jump to $6.35 billion, $2.58 billion from the same period in 2012.
Stuart Gulliver, chief executive of (Stuart Gulliver), said the bank has made important progress, increase in income and reduce cost, cut about 40000, 40000 jobs in the labor force since 2011.
It also cancel after verification of non-performing loans is less, compared with the same period last year.
Mr Gulliver said, there is still a challenge, although the world economy is improved in some areas.
The bank expects U.S. growth faster than in other developed economies, but at a slower speed compared with the past standards. Slower than expected after mainland China's economy is expected to accelerate the start of a year, the euro zone is expected to contract.



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