HSBC Sees $1.8 Billion Cost Over Two Years in Elhedery Revamp
(Bloomberg) — HSBC Holdings Plc expects $1.8 billion in costs over the next two years as it embarks on a global restructuring program that has seen the lender shutter some of its businesses and slash management ranks. Reporting fourth-quarter pretax profit of $2.3 billion that beat estimates, Europe’s largest bank also said it expected to … Read more