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HSBC says 3Q profit surges by third as costs fall, no decision on headquarters move

  • FILE - This is a Friday, Aug. 28, 2015 file photo of people as they walk past a branch of HSBC bank in London. HSBC’s pre-tax profit has jumped by a third in the latest quarter as it paid out less in fines, settlements and British customer compensation ordered by regulators, the bank said Monday Nov. 2, 2015. The bank, Europe’s largest by market value, posted $6.1 billion in profit for the July-September period, up 32 percent from a year earlier.  Revenue slipped 4 percent to $15.1 billion. (AP Photo/Frank Augstein, File)

    FILE - This is a Friday, Aug. 28, 2015 file photo of people as they walk past a branch of HSBC bank in London. HSBC’s pre-tax profit has jumped by a third in the latest quarter as it paid out less in fines, settlements and British customer compensation ordered by regulators, the bank said Monday Nov. 2, 2015. The bank, Europe’s largest by market value, posted $6.1 billion in profit for the July-September period, up 32 percent from a year earlier. Revenue slipped 4 percent to $15.1 billion. (AP Photo/Frank Augstein, File)  (The Associated Press)

  • A bus drives past a branch of HSBC near Liverpool Street Station in London, Monday Nov. 2, 2015 as the bank on Monday  announced that their pre-tax profit has jumped by a third in the latest quarter. The bank, Europe’s largest by market value, posted $6.1 billion in profit for the July-September period, up 32 percent from a year earlier, as it paid out less in fines, settlements and British customer compensation ordered by regulators. (AP Photo/Tim Ireland)

    A bus drives past a branch of HSBC near Liverpool Street Station in London, Monday Nov. 2, 2015 as the bank on Monday announced that their pre-tax profit has jumped by a third in the latest quarter. The bank, Europe’s largest by market value, posted $6.1 billion in profit for the July-September period, up 32 percent from a year earlier, as it paid out less in fines, settlements and British customer compensation ordered by regulators. (AP Photo/Tim Ireland)  (The Associated Press)

  • The sign for a branch of HSBC  near Liverpool Street Station in London, Monday Nov. 2, 2015 as the bank on Monday announced that their pre-tax profit has jumped by a third in the latest quarter. The bank, Europe’s largest by market value, posted $6.1 billion in profit for the July-September period, up 32 percent from a year earlier, as it paid out less in fines, settlements and British customer compensation ordered by regulators. (AP Photo/Tim Ireland)

    The sign for a branch of HSBC near Liverpool Street Station in London, Monday Nov. 2, 2015 as the bank on Monday announced that their pre-tax profit has jumped by a third in the latest quarter. The bank, Europe’s largest by market value, posted $6.1 billion in profit for the July-September period, up 32 percent from a year earlier, as it paid out less in fines, settlements and British customer compensation ordered by regulators. (AP Photo/Tim Ireland)  (The Associated Press)

HSBC Holdings reports that pre-tax profit has jumped by a third in the latest quarter as it paid out less in fines, settlements and British customer compensation.

The bank, Europe's largest by market value, on Monday posted $6.1 billion in profit for the July-September period, up 32 percent from a year earlier.

Revenue slipped 4 percent to $15.1 billion.

In June, the bank announced a major reorganization, including slashing tens of thousands of jobs and selling businesses to concentrate on fast-growing Asian economies.

It's also considering moving headquarters out of London as part of the plan. The bank said in its report a decision would be made by year-end at the earliest.

HSBC is listed on the Hong Kong and London stock exchanges.