Hang Seng Bank's structured products income nose dives

Hang Seng Bank has reported that the structured product income from the wealth management business in the six months to June stood at HK$186m (US$23.8m), down 40% from last year’s same period (HK$315m).  Fee income for retail investment funds increased by 20% and insurance service results was up 16% - Diana Cesar, Hang Seng Bank Income from the sales of the structured products in issue accounted for around six percent of the Hong Kong-based bank’s entire wealth management bu