H1 2012 profit for HSBC’s Swiss private bank
fell by 4.1% year-on-year as a crackdown on tax evasion is
said to have hit margins with interest income also declining.

H1 2012 profits fell to CHF 187.8m ($197m)
compared to CHF195.8m in H1 2011.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Net inflows for HSBC Private Bank also stood
at CHF 6.6bn in H1 2012.

HSBC reportedly wants to change its target
client base from smaller, offshore clients to ultra-high net-worth
international and domestic customers.

This development, along with a review of
certain client relationships, is said to have resulted in a loss of
$1.7 billion of client assets in H1 2012.

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.