HSBC stays on track to meet profit goal in 2013
China Daily | Updated: 2012-02-28 08:09
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HSBC Holdings PLC's net income rose to $16.8 billion last year from $13.2 billion in the previous 12 months. Costs as a proportion of revenue climbed to 57.5 percent from 55.2 percent on wage inflation and the UK's levy on bank balance sheets, the lender said on Monday. Tomohiro Ohsumi / Bloomberg |
Lender's plan to cut up to $3.5b in costs includes losing 30,000 jobs
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