HSBC is preparing to unveil $1.5bn of annual cost savings from chief executive Georges Elhedery’s radical overhaul of the bank.
Europe’s largest lender will lay out the figures for the first time on Wednesday, February 19, when Elhedery presents full-year results to investors.
It is expected to report $1.5bn in savings from the changes after one-time costs, according to two people familiar with the matter.
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