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Resilient showing for HSBC’s Asia PB amid difficult six months for bank

HSBC’s Asia private banking franchise took in US$6.8 billion in net new money in the first half of 2020 — an improvement on the preceding six months’ regional intake of US$4.3 billion but well down on the same period last year, when the business gathered some US$10.2 billion. However, Asia’s net positive flows were offset by outflows in the US…

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