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HSBC profit rockets on rising interest rates
HSBC profit rockets on rising interest rates
Business and Economy
by  AFP

Global banking giant HSBC reported Tuesday a surge in quarterly net profit, boosted by rising interest rates and its rescue of the UK arm of failed US lender Silicon Valley Bank. - 'Positively exposed' to rates - HSBC said it was "positively exposed to rising interest rates" and forecast $34 billion in net interest income this year.