HSBC's plans to put $700 mln into transaction banking
As one of the world’s most important banks for treasurers pivots to Asia, CT speaks to HSBC's head of cash & payments, Kee Joo Wong about the implications for corporates.
As part of an announced “Pivot to Asia,” HSBC is looking to cut $5bn in bank costs through a number of initiatives, including cutting around 25,000 jobs, many from the UK.
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