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Asia drives profit for HSBC Private Bank

HSBC’s private bank in Asia saw a 115% YoY increase in pre-tax profits and a 6% YoY in client assets on the back of a much improved performance for the global private banking division in Q3. Profits in Asia jumped to US$114 million (+100% QoQ), while global private banking profits reached US$151 million after recording a pre-tax loss of US$667 million…

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