The UK bank’s revenues across global business segments increased double digits in H1 2023 while structured products’ sales volume and issuance rebounded YoY.

HSBC has reported robust earnings for the first half of 2023, with net profit doubling to US$18.1 billion, according to the bank’s 2023 interim report. The bank’s profit before tax jumped 147% to US$21.7 billion year-on-year (YoY) – this included a US$2.1 billion reversal of an impairment relating to the planned sale of its retail banking operations in France and a provisional gain of US$1.5 billion on the acquisition of Silicon Valley Bank UK. Reported revenue rose 50% YoY t