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.
HSBC Holdings has posted robust earnings for the third quarter of 2023, with total revenue jumping 40% year-on-year (YoY) to US$16.16 billion compared with US$11.5 billion in the last year’s same period, according to the bank’s latest earnings report. There was good broad-based growth across all businesses and geographies, supported by the interest rate environment, Noel Quinn, CEO The UK bank’s profit before tax soared 140% YoY to US$7.7 billion in the three months ended S
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