Credit revenue halves at HSBC

Jasper Cox

February 19, 2019 04:30 pm

HSBC3_PA_230x150 — File photo dated 28/07/2006 of an HSBC bank logo in Camberley, Surrey, as the banking giant will unveil its profits haul today with the main focus on the impact of the credit crunch. | Tim Ockenden/PA Archive/PA Images

HSBC’s global banking and markets business increased its use of reserve repo and customer deposits for funding in 2018. But it endured a tough fourth quarter, with inflows from credit in its fixed income, currency and commodities (FICC) division sinking by 49.7%.

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Bank Results EMEA People and Markets Asia Pacific FIG People and Markets Europe HSBC FIG Asia

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Jasper Cox