New Telegraph 
Europe’s largest bank told managers last week that its revamp would take until June 2025 to complete, the report said, citing people familiar with the matter.
Citing a Bloomberg news report, Reuters said this would represent an about 10 per cent cut in HSBC’s expense bill, , adding that the bank is expected to provide details of the financial impact of its restructuring plans, alongside its annual results in February.
Last week, HSBC announced a raft of senior management departures and appointments, as CEO Elhedery completed the first phase of a sweeping overhaul aimed at streamlining costs and improving decision-making.
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