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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

Published Mon, Oct 30, 2017 · 09:50 PM
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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.

During the period, HSBC added …

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