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HSBC HOLDINGS: US$700M Cost Savings Achieved in 1H25
HSBC HOLDINGS (00005.HK) CEO Georges Elhedery stated that the bank is making meaningful progress in its mission to deliver US$1.5 billion of annualized savings, with actions taken ...
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HSBC HOLDINGS: US$700M Cost Savings Achieved in 1H25
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HSBC HOLDINGS (00005.HK)  -0.900 (-0.936%)    Short selling $204.66M; Ratio 10.847%   CEO Georges Elhedery stated that the bank is making meaningful progress in its mission to deliver US$1.5 billion of annualized savings, with actions taken in the first half resulting in US$700 million of these cost saves. The bank remains on track to realize the full US$1.5 billion in 2027.

The group has announced the strategic disposals of its business in Uruguay, Bahrain retail operations, UK life insurance subsidiary, German custody and fund administration businesses and its French portfolio of home and other loans retained following the disposal of its retail operations in France.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

Related NewsG Sachs: HSBC HOLDINGS 2Q Core Earnings Beats; TP Added to $110

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