HSBC Shows Progress Taming Its Costs

The transcript discusses HSBC's challenges, including competition from fintech, the impact of the US trade war, and Brexit. It highlights HSBC's strategy to grow in Asia, particularly in the Greater Pearl River Delta area. The financial performance is analyzed, noting a narrowing jaws ratio and a rise in stock value. The banking and markets unit showed a 21% increase in adjusted pretax profit, while retail banking and wealth management also saw significant growth.

What percentage of HSBC's pretax profit comes from Asia?

What was the performance of HSBC's banking and markets unit in the recent quarter?