Profits from wealth management jump 20 % at HSBC

1 August 2011 | 1 minute read

Profits at its wealth management division are showing good traction partly due to a reduction in loan impairment and partly because of a growth in fee income according to half-yearly results published by HSBC Plc. The bank also added 750 new relationship managers to its global wealth management team during the reporting period. India, which HSBC had identified as an…

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