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HSBC's Asia push pays off; closes chapter on Gulliver's travails

CEO vindicated as lender's US$100 billion bet reaps Q3 adjusted revenue of US$13 billion

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Outgoing CEO Stuart Gulliver spent much of his tenure shrinking and imposing control over HSBC's sprawling global network, exiting almost 100 businesses and 18 countries while dealing with several costly misconduct scandals.

London

HSBC Holdings Plc's US$100 billion bet on Asia is bearing fruit, driving its third consecutive increase in quarterly revenue just months before chief executive officer Stuart Gulliver hands the reins to John Flint.

Asia posted the biggest revenue gain out of the bank's five

sentifi.com

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