HSBC’s sale of a stake in a Korean insurer last month was made with little fanfare, just one of 52 deals struck or businesses closed in the last two years by chief executive Stuart Gulliver, and analysts are expecting more.
With less than a year left of his 3-year restructuring plan, Gulliver will report on how he is doing in meeting his targets on Wednesday.
He is expected to say he can find at least US$1 billion (HK$7.76 billion) more in cost savings, axe more jobs and businesses and dangle the prospect of higher dividends for investors.
via Business feed http://www.scmp.com/business/banking-finance/article/1236763/hsbc-boss-can-do-more-cut-bank-down-size
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