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HSBC HOLDINGS to Report US$1.5B of Cost Savings in Annual Results: Wire
Recommend 19 Positive 46 Negative 19 |
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HSBC HOLDINGS (00005.HK), which will announce its annual results on 19 February, has saved US$1.5 billion on its broad restructuring plan, according to Financial Times. HSBC HOLDINGS has not responded to the report. Last month, the Group said it plans to gradually shut down its mergers & acquisitions (M&A) and some of its equity operations in Europe and the Americas to accelerate its shift towards Asia. AAStocks Financial News |
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