HSBC PB reports healthy NNM uptick

6 August 2018 | 2 minutes read
File photo dated 07/03/11 of a general view of the HSBC Tower in Canada Square, Canary Wharf, London, as HSBC is to relocate the head office of its UK retail bank to Birmingham in a move that will see around 1,000 jobs transferred from London, it announced today. PRESS ASSOCIATION Photo. Issue date: Tuesday March 24, 2015. The bank said the move would take place before January 1 2019, the deadline UK regulators have laid down for major banks to separate their more risky investment banking divisions from traditional operations such as personal and business accounts. See PA story CITY HSBC. Photo credit should read: Anthony Devlin/PA Wire

HSBC Global Private Banking reported US$9.1 billion in net new money inflows for the first half of 2018, a 17% growth compared to the same time last year. The first half of 2018 saw the private banking arm’s adjusted profit before tax rise by 32% YoY to total US$190 million. Regionally, the private banking business in Asia contributed a net…

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