HSBC, Standard Chartered Face Cost Test as Rates, Wealth Support Earnings

HSBC Holdings and Standard Chartered are benefiting from higher interest rates and Asian wealth management fees, but face headwinds from China's tighter capital controls and rising operational costs. Both banks reported earnings supported by rate-sensitive businesses and affluent Asian client bases. China's stricter capital-flow regulations and pressure on costs present challenges to future profitability for the two institutions.

• Bloomberg — HSBC, Standard Chartered Face Cost Test as Rates, Wealth Support Earnings

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