Dominion Lending Centres Clearlease Reports HSBC’s (NYSE:HBC) new management team targets $3.5 bln in cost savings, focusing on high growth markets
VANCOUVER, BC – (May 11, 2011) Clearlease HSBC Holdings PLC (NYSE:HBC) said Wednesday May 11, 2011, it is aiming to trim costs by up to $3.5 billion and to target investment in high-growth economies as part of a new management team’s strategy.
In an investor presentation, HSBC said it was looking for sustainable cost savings between $2.5 billion and $3.5 billion within three years.
Chief Executive Stuart Gulliver, who moved into the job at the start of the year, said the bank will be directing investment to faster growing markets and regions, such as Mexico and Turkey, and scaling back elsewhere by, for instance, withdrawing from retail banking in Russia.
Gulliver said the bank saw opportunities to grow its private banking business in Asia, the Middle East and Latin America, and to expand in retail banking in Mexico and Turkey.
In North America, where HSBC is still dealing with the legacy of bad loans which came from the acquisition of Household Finance, the bank plans to build up its New York operation and to target business from small and mid-market companies looking to international markets.
HSBC shares were down 0.6 per cent at 652.1 pence in morning trading on the London Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC – (May 11, 2011) Clearlease HSBC Holdings PLC (NYSE:HBC) said Wednesday May 11, 2011, it is aiming to trim costs by up to $3.5 billion and to target investment in high-growth economies as part of a new management team’s strategy.
In an investor presentation, HSBC said it was looking for sustainable cost savings between $2.5 billion and $3.5 billion within three years.
Chief Executive Stuart Gulliver, who moved into the job at the start of the year, said the bank will be directing investment to faster growing markets and regions, such as Mexico and Turkey, and scaling back elsewhere by, for instance, withdrawing from retail banking in Russia.
Gulliver said the bank saw opportunities to grow its private banking business in Asia, the Middle East and Latin America, and to expand in retail banking in Mexico and Turkey.
In North America, where HSBC is still dealing with the legacy of bad loans which came from the acquisition of Household Finance, the bank plans to build up its New York operation and to target business from small and mid-market companies looking to international markets.
HSBC shares were down 0.6 per cent at 652.1 pence in morning trading on the London Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports HSBC’s (NYSE:HBC) new management team targets $3.5 bln in cost savings, focusing on high growth markets
VANCOUVER, BC – (May 11, 2011) Clearlease HSBC Holdings PLC (NYSE:HBC) said Wednesday May 11, 2011, it is aiming to trim costs by up to $3.5 billion and to target investment in high-growth economies as part of a new management team’s strategy.
In an investor presentation, HSBC said it was looking for sustainable cost savings between $2.5 billion and $3.5 billion within three years.
Chief Executive Stuart Gulliver, who moved into the job at the start of the year, said the bank will be directing investment to faster growing markets and regions, such as Mexico and Turkey, and scaling back elsewhere by, for instance, withdrawing from retail banking in Russia.
Gulliver said the bank saw opportunities to grow its private banking business in Asia, the Middle East and Latin America, and to expand in retail banking in Mexico and Turkey.
In North America, where HSBC is still dealing with the legacy of bad loans which came from the acquisition of Household Finance, the bank plans to build up its New York operation and to target business from small and mid-market companies looking to international markets.
HSBC shares were down 0.6 per cent at 652.1 pence in morning trading on the London Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk