HSBC third-quarter profit slides 14% on legal charges but lifts income outlook

HSBC’s third-quarter pretax profit fell 14% due to a $1.1 billion charge from a Madoff lawsuit appeal loss and an additional $300 million in historical trading charges. Despite these provisions, the bank upgraded its 2025 net interest income forecast to $43 billion, signaling optimism about policy rates in key markets.

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