HSBC Pledges to Restore Pre-Covid Dividends as Profit Jumps - WSJ
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HSBC Pledges to Restore Pre-Covid Dividends as Profit Jumps

British lender’s results were lifted by higher interest rates

Hong Kong and mainland China are two of HSBC’s most important markets.Photo: Kin Cheung/Associated Press

Global banking giant HSBC Holdings PLC said it would resume paying full dividends to investors as early as next year and warned that its top shareholder’s push to split up the company would jeopardize profit and growth.

Profit at the London-based lender rose 62% in the second quarter from a year earlier to $5.5 billion, the company said Monday. The bank said it received a boost from rising interest rates worldwide, which have increased the money the bank earns on loans to businesses and consumers.

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