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HSBC investment bank bolstered by trading surge as dealmaking slips

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fnlondon.com

Profit within HSBC's global banking and markets unit swelled by 37% in the second quarter as trading revenue surged, but fees from dealmaking more than halved during the period.The UK lender posted profit of $1.7bn for its GBM division, which houses its investment bank and trading functions, up 37% from the same period last year.Revenue...

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