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financeMEDIUMHK2026-05-05 06:06 UTC

HSBC profit flat as Middle East provisions offset wealth growth

HSBC profit flat as Middle East provisions offset wealth growth

HSBC, Hong Kong’s largest lender, reported broadly flat first-quarter profit as lower interest rates and provisions linked to the Middle East conflict offset solid growth in its wealth management business. Net profit for the first three months of 2026 rose 0.14 per cent year on year to US$6.94 billi

ORIGINAL SOURCE →via South China Morning Post
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