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HSBC’s profit jumps on interest rate tailwind, ELI issuance slides in HK

09 Nov 2023

HSBC’s profit jumps on interest rate tailwind, ELI issuance slides in HK

The UK bank’s wealth balances have increased by 12% YoY in the third quarter. Around half of net new invested assets for the first nine months of the year came from the three months ended September.