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flag HSBC CEO Noel Quinn announces retirement.

flag HSBC CEO Noel Quinn announced his retirement; Q1 earnings beat expectations, with pre-tax profits falling 2% to $12.7Bn, but revenue increasing by $0.5Bn to $17Bn. flag HSBC reported a $5Bn drop in customer lending balances, offset by currency movements at the international bank. flag The bank's wealth and personal banking division in the UK saw growth in mortgage balances.

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