HSBC eyes bolt-on M&A in Asia wealth management

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By Richard Metcalf
27 Apr 2021

HSBC is mulling bolt-on acquisitions in wealth management, primarily in Asia, after capital was freed up by a favourable reassessment of credit losses stemming from the coronavirus pandemic.

The bank released $435m of provisions, a windfall that it attributed in part to the successful vaccine roll-out in the US and the UK.

“We went into the full year with very large probabilities, particularly in the UK, against downside scenarios, which we have reduced on the back ...

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