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HSBC shares up as it looks to strip out $1.7bln of costs


MongiIG

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After banking £8.4 billion ($10.2bln) from the sale of its Canadian operations, and putting in place a process to close 114 UK bank branches, HSBC stock is on the way up.

IGTV’s Jeremy Naylor says this is after today’s announcement that the bank wants to remove £1.4bln ($1.7bln) in costs.

 

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