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		</div><p>HSBC has said its quarterly pre-tax profits rose 12% as improved trading and rising interest rates helped support the London-based global bank&#8217;s businesses. The bank said on Thursday that profit for the first three months of the year, adjusted for one-time items and currency fluctuations, came in at $5.9bn compared with $5.3bn a year ago.</p>
<p>Adjusted revenue edged 2% higher to $12.8bn. The results came after the bank reported earlier this year that its 2016 net profit tumbled by more than 80%. HSBC is Europe&#8217;s biggest bank, but the bulk of its earnings come from Asia. It is in the middle of a sweeping revamp aimed at improving profitability.</p>
<p>The banking giant is shedding tens of thousands of workers and leaving some markets to focus even more on Asia.</p>
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