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HSBC to hurry up cost-cutting measures as 2020 revenue declines by a 3rd whereas it resumes paying dividends – NEWPAPER24

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HSBC to hurry up cost-cutting measures as 2020 revenue declines by a 3rd whereas it resumes paying dividends

2021-02-23 04:36:04

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HSBC, the most important of Hong Kong’s three currency-issuing banks, stated on Tuesday that it could speed up its efforts to cut back prices and pursue areas of power extra aggressively in its newest enterprise technique, after its full-year revenue declined by greater than a 3rd.The London-based financial institution, which generates a lot of its income in Asia, additionally stated it could resume paying dividends after it cancelled its closing 2019 fee and suspended an interim fee in 2020 on the request of its chief…

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