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

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 regions, helping it report higher-than-expected third-quarter adjusted revenue of US$13 billion.