HSBC GPB 1Q20 revenue up 13%, driven by strength in Asia

28 April 2020 | 3 minutes read

HSBC’s Global Private Banking (GPB) business recorded a 13% jump in revenue in 1Q20 — its highest quarterly earning since 1Q15 — mainly driven by growth in its Asia operations. The London-based group as a whole saw its 1Q20 revenue drop 5% YoY to US$13.68 billion, on account of “adverse market impacts in life insurance manufacturing and adverse valuation adjustments…

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