Report: HSBC mulls cost-cutting plan of up to US$300m, targeting top ranks

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LONDON, Oct 10 — HSBC CEO Georges Elhedery is weighing cost-cutting measures that could save up to US$300 million (RM1.3...

HSBC has also in recent years slashed its businesses in Western markets such as the United States, France and Canada as it focuses on Asia and markets where it has scale.

HSBC did not immediately respond to a Reuters request for comment.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaCanadaChinaFranceUnited States

Topics: Cost cutting Georges Elhedery Layoffs Hsbc Merger

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-10-10 @ 13:59:52 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 247 words

Reading Time: 2 minutes read

Sentences: 14 lines

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Copyright Owner: © Malay Mail

News ID: 22975300

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