March 4, 2024 (NO COMMENTS)
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 interest income throughout the year.