HSBC’s Wealth and Personal Banking (WPB) unit attracted US$38 billion of net new invested assets (NNIA) in Asia in 1H24, representing 43% YoY growth as the bank continues to see strong wealth momentum in the region. WPB revenue decreased 11% YoY to US$14,312 million, while profit before tax dropped 25% to US$6,458 million, which contributed to 38% of the group’s…
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