HSBC (HSBC) Implements Cost-Cutting Measures Amidst Global Challenges

HSBC Holdings is intensifying its cost-control initiatives by canceling some internal events and reducing company travel. These steps come as the new CEO, Georges Elhedery, aims to manage expenses closely ahead of the third-quarter earnings report. The bank has recently scrapped a business banking summit in India along with other global events. Employees have been informed that internal travel will be restricted until the end of the year, with some plans facing delays or cancellations, affecting even senior ...