HSBC’s global PB division holds firm as group earnings miss mark

28 October 2019 | 2 minutes read

Global private banking was a bright spot in HSBC’s third quarter earnings, with the division delivering top and bottom-line growth and solid net new money inflows amid disappointments elsewhere in the group. Net new money inflows for the quarter reached US$5 billion, bringing the private bank’s YTD haul to US$19 billion globally. Asia accounts for US$14 billion of that total,…

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