HSBC Holdings Plc offset a drop in third-quarter revenue with lower costs and litigation charges as Europe’s largest lender said it needs more time to determine whether to move its headquarters from London.
Operating costs fell 19 percent to $9 billion from a year earlier, London-based HSBC said in a statement on Monday. That beat the $9.4 billion estimate of 14 analysts in a company-compiled survey. Revenue slipped 4.4 percent to $15.1 billion, while pretax profit rose to $6.1 billion from $4.6 billion a year earlier.
More on the Dean’s interview on Bloomberg Television:
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