A branch of HSBC is pictured in central London, on November 10, 2009. HSBC forecast that emerging markets to spearhead the economic recovery on Tuesday as the world banking giant said its third-quarter profits were 'significantly' higher compared with a year earlier. In an HSBC trading update, group chief executive Michael Geoghegan said emergeing markets would 'drive the global recovery.' HSBC also said that its expenses linked to loan defaults fell to their lowest quarterly level in more than a year. Getty Images logo Getty Images 27 months ago

A branch of HSBC is pictured in central London, on November 10, 2009. HSBC forecast that emerging markets to spearhead the economic recovery on Tuesday as the world banking giant said its third-quarter profits were 'significantly' higher compared with a year earlier. In an HSBC trading update, group chief executive Michael Geoghegan said emergeing markets would 'drive the global recovery.' HSBC also said that its expenses linked to loan defaults fell to their lowest quarterly level in more than a year.

More Photos of

Explore Photos of Related Topics

Recent Photos From The Wire

  1. A passenger rests in a terminal while about 200 workers of the apron control went on a warning strike for higher wages at the international airport in Frankfurt, Germany, Friday, Feb. 17, 2012.
  2. A follow-me car leads an aircraft after about 200 workers of the apron control went on a warning strike for higher wages at the international airport in Frankfurt, Germany, Friday, Feb. 17, 2012.
  3. Australia's Peter Forrest (R) ties the shoelace of Sri Lanka's Tillakaratne Dilshan during the one-day international cricket match in Sydney February 17, 2012.
  4. Captain of New Zealand Brendon McCullum is bowled out by South Africa's Rusty Theron (unseen) during the first twenty20 international cricket match between New Zealand and South Africa at Seddon Park in Hamilton on February 17, 2012.
  5. New Zealand's Martin Guptill hits a six during the first twenty20 international cricket match between New Zealand and South Africa at Seddon Park in Hamilton on February 17, 2012.
  6. MELBOURNE, AUSTRALIA - FEBRUARY 17: Jack Riewoldt of the Tigers flies for the ball in front of Todd Goldstein of the Kangaroos during the round one NAB Cup AFL match between the Richmond Tigers and the North Melbourne Kangaroos at Etihad Stadium on February 17, 2012 in Melbourne, Australia.
  7. MELBOURNE, AUSTRALIA - FEBRUARY 17: Alex Rance of the Tigers chases the ball during the round one NAB Cup AFL match between the Richmond Tigers and the North Melbourne Kangaroos at Etihad Stadium on February 17, 2012 in Melbourne, Australia.
  8. Picture, taken on February 16, 2012 in Lille, norhern France, shows a 1 euro coin on a pile of eurocents.
  9. BEVERLY HILLS, CA - FEBRUARY 16: (L-R) Will Reiser, Annie Mumolo and Kris Keyser attend the WGAw's Beyond Words 2012 Special Panel Event on February 16, 2012 in Beverly Hills, California.
  10. A man heads home after offering prayers at the Changunarayan Temple in Bhaktapur near Kathmandu February 17, 2012.
  11. A Filipino fan scribbles a message on the "tribute wall" of the late American singer Whitney Houston at the SM North EDSA shopping mall in suburban Quezon city, northeast of Manila, Philippines Friday, Feb. 17, 2012. The tribute wall was put up for fans to write their messages following Houston's sudden death Saturday at age 48.
  12. A member of the Nepalese army on a parachute rehearses for the upcoming Army Day celebration, which falls on February 20, in Kathmandu February 17, 2012.
  13. New Zealand's Martin Guptill runs as South Africa's captain AB de Villiers reacts to a fielding mistake in the first of their three match Twenty20 cricket series in Wellington, February 17, 2012.
  14. A Thai policeman patrols at Suvarnabhumi airport in Bangkok, Thailand, Friday, Feb. 17, 2012. Thai police said Friday they are searching for two more suspects, including a possible explosives specialist, in a botched terror plot against Israeli diplomats that has been blamed on Iran.
  15. Sri Lanka's Lasith Malinga bowls during their ODI cricket match against Australia at the Sydney Cricket Ground in Sydney, Australia, Friday, Feb. 17, 2012.
  16. Australia's Brett Lee, center, walks towards Sri Lanka's Lahiru Thirimanne, right, and Thisara Perera as they celebrate his wicket during their ODI cricket match in Sydney, Australia, Friday, Feb. 17, 2012.