HSBC chief says ‘UK growth needs strong banks’ after profits swell by 23%

HSBC first-half profit jumps 23% on higher rates, robust wealth growth

HSBC's first-half profit surged 23% to US$19.5B on wealth growth and higher rates, beating forecasts. Robust deal flows and capital returns signal M&A liquidity expansion; rising rates support tech acquisitions, enterprise deployments, and digital transformation budgets.