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09.11 - 19:21
HSBC’s investment bank slips by 3% amid record fee boom
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fnlondon.comHSBC's investment bank failed to match the sharp gains of its Wall Street rivals during the third quarter, as declining debt capital markets revenues hit overall performance in the unit.
The UK lender's global banking and markets unit posted revenues of $3.6bn during the third quarter, a decline of 3% as fixed income trading tumbled and its advisory unit was weighed down by slower DCM activity.
Revenues...
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