Higher revenue pushes HSBC’s op risk up 14%

- By Joshua Walker
- 04 Mar 2024

HSBC’s risk-weighted assets (RWAs) stemming from operational risk shot up to a six-year high in the fourth quarter of 2023, after a year of elevated interest rates globally bloated the bank’s revenue.

The bank’s op RWAs jumped $11.7 billion, or 13.7%, to $97.2 billion between September and December. HSBC attributed the growth to a substantial increase in book size, driven primarily by high net

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