Linda Young – AHN News Writer London, United Kingdom (AHN) – Banking giant HSBC announced Wednesday that it plans to shave costs by up to $3.5 billion with a combination of strategies, including reducing its retail and wealth management divisions as well as trimming IT operations. HSBC is Europe’s largest bank, but it also has [...]
Posts Tagged ‘moving technology’
Banking giant HSBC eyes cost cutting; may move tech development to low-cost countries
May 11th, 2011 
davidguide 
Posted in Lending News 
Tags: bank officials, banking, Development, development operations, HSBC, Lending, linda young, management divisions, moving technology, Percent, profitable markets, staff cuts, Young 
Comments Off