cost savings

HSBC investors back CEO’s investment banking retrenchment

17/02/2025 by Arun Jain

(Corrects first name of HSBC CEO in paragraph 4, date of results in paragraph 7) Planned cuts and fears of more dent morale, sources say Annual savings estimates range between $1.5 bln and $3.8 bln US tariffs cast shadow over global trade prospects By Sinead Cruise, Lawrence White and Selena Li LONDON/HONG KONG, Feb 17 … Read more

ADM Plans to Cut Jobs as Profits Head for Third Year of Declines

04/02/2025 by Arun Jain

(Bloomberg) — Archer-Daniels-Midland Co. said it will reduce its work force as the company expects profits to decline for a third straight year. The Chicago-based crop trader plans to cut between 600 and 700 jobs globally this year, the company said in a statement Tuesday. That’s part of a plan to achieve as much as … Read more