European operations expected to bear brunt of initiative
Stuart Gulliver
Bank’s pretax profit for the first half rose to $12.41bn from $10.71bn a year earlier
But bank sounds upbeat note as it aims to meet key financial targets
Europe’s biggest lender plans to raise $7bn over next four months to bolster capital base
HSBC faces as much as $300 million in legal and relocation fees as it prepares to move 1,000 staff to Paris
Europe’s biggest bank says profit rose by 5% in first half of the year
London Letter: Treasury books profit of about €580 million on share sales
The bank’s CET1 ratio was some 0.5% higher than expected