HSBC has increased a provision for expected credit losses by US$400 million to reflect the economic outlook in Hong Kong. Photo: Bloomberg HSBC has increased a provision for expected credit losses by US$400 million to reflect the economic outlook in Hong Kong. Photo: Bloomberg
HSBC has increased a provision for expected credit losses by US$400 million to reflect the economic outlook in Hong Kong. Photo: Bloomberg

HSBC to replace investment bank head as part of management reshuffle as Noel Quinn moves to ‘remodel’ bank

  • Interim CEO Noel Quinn is reshaping the bank as he hopes to take the top job permanently
  • Quinn expects to accelerate cost cuts as part of his efforts to improve profits at the lender

Topic |   HSBC: Latest news and updates
HSBC has increased a provision for expected credit losses by US$400 million to reflect the economic outlook in Hong Kong. Photo: Bloomberg HSBC has increased a provision for expected credit losses by US$400 million to reflect the economic outlook in Hong Kong. Photo: Bloomberg
HSBC has increased a provision for expected credit losses by US$400 million to reflect the economic outlook in Hong Kong. Photo: Bloomberg
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