HSBC Reviews Plan to Merge Commercial Bank & Investment Bank, Reported to Explore Selling HSBC South Africa Business to Focus on Asia in 2024 August

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HSBC Reviews Plan to Merge Commercial Bank & Investment Bank, Reported to Explore Selling HSBC South Africa Business to Focus on Asia in 2024 August

13th September 2024 | Hong Kong

HSBC has been reported to be reviewing plan to merge HSBC Commercial Bank and Investment Bank.  In 2024 August, HSBC was reported to be exploring selling HSBC South Africa business to focus on Asia.  HSBC had entered into South Africa 29 years ago in 1995.  HSBC current market value at is at $157 billion.  In 2024 July, HSBC reported $17.7 billion net profit (after tax) & $37.2 billion revenue for 2024 1st half, with a total of $1.8 trillion wealth balances, $390 billion private banking invested assets, $412 billion retail invested assets, HSBC Asset Management 3rd-party distribution $469 billion, and Wealth Deposits from Premier, Jade & Private Banking of $530 Billion AUM.  For 2024 1st half, HSBC reported $32 billion in Net New Invested Assets, HSBC Asset Management with $684 billion AUM, HSBC Private Banking $479 billion AUM.  HSBC Revenue Breakdown – Wealth & Personal Banking with $14.3 billion, Commercial Banking $10.8 billion, Global Banking & Markets $8.7 billion & Corporate Centre $3.3 billion.

“ HSBC Reviews Plan to Merge Commercial Bank & Investment Bank, Reported to Explore Selling HSBC South Africa Business to Focus on Asia in 2024 August “

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HSBC Reported to Explore Selling HSBC South Africa Business to Focus On Asia, HSBC Entered Into South Africa 29 Years Ago In 1995

21st August 2024 – HSBC has been reported to be exploring selling HSBC South Africa business to focus on Asia.  HSBC had entered into South Africa 29 years ago in 1995.  HSBC current market value at is at $156 billion.  In 2024 July, HSBC reported $17.7 billion net profit (after tax) & $37.2 billion revenue for 2024 1st half, with a total of $1.8 trillion wealth balances, $390 billion private banking invested assets, $412 billion retail invested assets, HSBC Asset Management 3rd-party distribution $469 billion, and Wealth Deposits from Premier, Jade & Private Banking of $530 Billion AUM.  For 2024 1st half, HSBC reported $32 billion in Net New Invested Assets, HSBC Asset Management with $684 billion AUM, HSBC Private Banking $479 billion AUM.  HSBC Revenue Breakdown – Wealth & Personal Banking with $14.3 billion, Commercial Banking $10.8 billion, Global Banking & Markets $8.7 billion & Corporate Centre $3.3 billion.

HSBC Reports $17.7 Billion Net Profit & $37.2 Billion Revenue for 2024 1st Half, Total $1.8 Trillion Wealth Balances, $390 Billion Private Banking Invested Assets, $412 Billion Retail Invested Assets, HSBC Asset Management 3rd-Party Distribution $469 Billion, Wealth Deposits from Premier, Jade & Private Banking $530 Billion, $32 Billion Net New Invested Assets, HSBC Asset Management $684 Billion AUM, HSBC Private Banking $479 Billion AUM, Revenue Breakdown – Wealth & Personal Banking with $14.3 Billion, Commercial Banking $10.8 Billion, Global Banking & Markets $8.7 Billion & Corporate Centre $3.3 Billion

31st July 2024 – HSBC has reported $17.7 billion net profit (after tax) & $37.2 billion revenue for 2024 1st half, with a total of $1.8 trillion wealth balances, $390 billion private banking invested assets, $412 billion retail invested assets, HSBC Asset Management 3rd-party distribution $469 billion, and Wealth Deposits from Premier, Jade & Private Banking of $530 Billion AUM.  For 2024 1st half, HSBC reported $32 billion in Net New Invested Assets, HSBC Asset Management with $684 billion AUM, HSBC Private Banking $479 billion AUM.  HSBC Revenue Breakdown – Wealth & Personal Banking with $14.3 billion, Commercial Banking $10.8 billion, Global Banking & Markets $8.7 billion & Corporate Centre $3.3 billion.

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