2014 first-half profits at HSBC Private Bank’s Asia business drop by a quarter

5 August 2014 | 1 minute read

HSBC Private Bank’s Asia business stumbles into the middle of the year as profits drop by a quarter compared to the first half of 2013. The British lender’s private banking business in the region registered US$133 million in profits, down by 25% compared to last year’s US$177 million. The Hong Kong and Singapore units saw profits fall by 28% and…

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