World News

HSBC to push on with overhaul ‘wherever possible’ despite crisis

By Lawrence White LONDON (Reuters) – HSBC will press ahead with plans to shift capital from underperforming businesses, cut costs and strip out layers of management, despite problems caused by the coronavirus pandemic. Chief Executive Noel Quinn said HSBC <HSBA.L> would proceed “wherever possible” with a transformation plan outlined in February, but had paused most […]