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HSBC profit disappoints as CEO Gulliver bows out

Tuesday, February 20, 2018 - 01:48

HSBC Holdings' pre-tax profit for 2017 more than doubled due to the absence of hefty restructuring costs incurred in the prior year but still lagged expectations as the bank took a writedown following U.S. tax changes. As Kate King reports, it was the last results report for CEO Stuart Gulliver, who steps down on Tuesday.

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HSBC Holdings' pre-tax profit for 2017 more than doubled due to the absence of hefty restructuring costs incurred in the prior year but still lagged expectations as the bank took a writedown following U.S. tax changes. As Kate King reports, it was the last results report for CEO Stuart Gulliver, who steps down on Tuesday.

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HSBC profit disappoints as CEO Gulliver bows out

Tuesday, February 20, 2018 - 01:48