HSBC interim management statement transc

This transcript summarizes a conference call between HSBC executives and analysts discussing HSBC's third quarter 2008 results. The key points are: 1) HSBC reported pre-tax profits in Q3 2008 that were ahead of Q3 2007, though profits for the first nine months were lower than the same period in 2007. Strong results in Asia helped offset weakness in the US. 2) Global Banking & Markets was profitable in Q3 driven by emerging markets performance. 3) HSBC continued to generate capital in Q3 and improved its Tier 1 capital ratio to 8.9%, towards the top of its target range. This allowed further investments in emerging markets.