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HSBC’s dealmaking fees slide 47% in third quarter as boom fades
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Fees from HSBC's dealmakers nearly halved in the third quarter, but a 20% surge in trading activity helped its overall investment bank increase profit.
The UK lender brought in $179m from its capital markets and advisory business during the third quarter, a decline of 47%, matching sharp declines from Wall Street rivals during the period.
However,...
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