Transaction banking buoys HSBC’s IB
HSBC’s global banking and markets division registered a small rise in income in its first quarter results announced on Friday. Transaction banking lines helped outweigh revenue declines in trading and the global banking business.
Net operating income across HSBC’s investment bank —the global banking and markets division — was up by 3% to $4.07bn, compared with the first quarter of 2018.“The strength of our diversified product offering delivered a stable performance, despite economic uncertainty that resulted in lower primary issuance and ...
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