HSBC Halts Staff Travel, Cancels Events in Cost Cutting Drive, Bloomberg Says, Citing Sources
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Dow Jones
--HSBC Holdings suspended staff travel and cancelled some internal events in a move to cut costs, Bloomberg reports citing unnamed sources.
--The bank, Europe's biggest by market value, has already cancelled a summit of its commercial bankers in India as well as some other off-site events around the world, Bloomberg reports. It adds that some senior managers have also had planned trips cancelled or delayed.
--HSBC declined to comment to Bloomberg in its report.
Full story: https://tinyurl.com/48trda7c
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
October 04, 2024 02:02 ET (06:02 GMT)
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