Adjusted pre-tax profits increased 26.96 percent in HSBC’s wealth and personal banking (WPB) division in 2022.
Pre-tax profits increased year-on-year from $6.72 billion to $8.53 billion.
HSBC’s wealth and personal banking division incorporates wealth management and private banking activities.
Net operating income was up 9.71 percent from $21.28 billion to $23.23 billion.
Meanwhile, total expenses remained broadly flat, increasingly marginally from $...
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