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HSBC WPB revenue up 41% with strong growth in Asian NNIA

HSBC’s Wealth and Personal Banking (WPB) business has recorded a 41% increase in revenue while capturing strong growth in Asian net new invested assets (NNIA). Revenue for WPB reached US$7.2 billion as of the end of 2Q23, compared to US$5.1 billion in the same period a year earlier. Within the WPB unit, Personal Banking revenue for 2Q23 jumped 51% compared…

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