Wealth and Asset Management
HSBC results show wealth unit up but private banking profits down
The Retail Banking and Wealth Management unit of HSBC has posted results showing an adjusted pre-tax profit of $2.23bn for the first quarter of 2019. This is a surge of 19% from $1.87bn in the first quarter of 2018. For the year ended 31 December 2018, the unit’s adjusted pre-tax…
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