HSBC targets additional US$2-3b cost savings by 2016

HSBC said on Wednesday that the bank would target an additional US$2 billion to US$3 billion (HK$15.5 billion to HK$23.3 billion) in cost savings between next year and 2016, as the bank axes jobs and sells noncore businesses with less than a year left in the first phase of its restructuring plan.

via Business feed http://www.scmp.com/business/banking-finance/article/1238226/hsbc-targets-additional-us2-3b-cost-savings-2016