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HSBC corporate and institutional banking unit slips 4% despite trading uptick

Investment Banking Editor

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HSBC’s corporate and institutional banking division slipped by 4% in the second quarter despite strong performance in both investment banking and trading.

Pre-tax profit in division, which houses its newly merged investment bank and commercial bank, fell 4% to $2.8bn during the period. Revenue of $6.9bn was up around 5% compared with a year ago. 

The UK lender’s newly merged division brought in pre-tax profit of $2.8bn during the second quarter

Paul Clarke

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