HSBC falls as investors look at Asia strategy and AI plans
HSBC shares fell 0.44% to 1,321.00 pence in early London trading Wednesday as the bank opened a two-day Asia investor seminar in Hong Kong. Executives said $1.4 billion of $1.5 billion in annualised cost savings had been achieved, with AI central to future plans. HSBC maintained targets for 5% revenue growth by 2028 and a 17% return on tangible equity. The bank also launched a $4 billion China transition-finance facility.
