Wealth and Asset Management
HSBC's Swiss assets and profits shrunk by franc
Switzerand's soaring currency sent profits a nd asset growth into reverse at HSBC Private Bank (Suisse) SA in the first half of 2011, with client assets under management down despite net inflows of 6.2 billion francs. Profit before tax fell 34 percent from a year previously to 248 million francs,…
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