HSBC to unveil $1.5bn in savings

HSBC to unveil $1.5bn in savings alongside financial results
Citing two people familiar with the matter, the FT reported that the savings will largely come from HSBC's decision to withdraw from non-core markets.
HSBC Set to Save $1.5B as the CEO’s Restructuring Revs Up
HSBC Holdings PLC (HSBC) (GB:HSBA) is reportedly poised to save $1.5 billion as CEO Georges Elhedery accelerates his bold restructuring
HSBC to unveil $1.5 billion of annual cost savings on February 19, FT reports
HSBC is preparing to report $1.5 billion of annual cost savings from the changes implemented under its broad restructuring initiatives on February 19, the Financial Times reported on Thursday.
HSBC plans to unveil $1.5 billion of annual cost savings on February 19
HSBC said that it plans to wind down its M&A and some equities businesses in Europe and the Americas, accelerating a shift towards Asia in its biggest retrenchment from investment banking
HSBC to unveil $1.5bln of annual cost savings on February 19, FT reports
HSBC has been scaling back its worldwide footprint, exiting dozens of low-returning consumer banking activities, from France to Greece to Canada in the past few years
HSBC to unveil $1.5bn savings as Elhedery’s restructuring kicks in
HSBC is preparing to unveil $1.5bn of annual cost savings from chief executive Georges Elhedery’s radical overhaul of the bank. Europe’s largest lender will lay out the figures for the first time on Wednesday,
HSBC Prepares New Round of Investment Bank Job Cuts
Today could be the last day at HSBC for some investment bankers at Europe’s largest lender. Chief Executive Officer Georges ...
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HSBC restores service after online banking outage
HSBC services have been restored following a two-hour outage that impacted both online and mobile banking services in the UK.
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HSBC plans new round of investment bank job cuts next week
The latest phase of cuts will start in Asia, but will ultimately affect employees globally, according to sources, who asked ...
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HSBC online banking and app go down leaving hundreds locked out of accounts
HSBC’s online banking has gone down leaving customers unable to access their accounts. More than 1,000 customers have ...