Feb 21 HSBC Holdings Plc:
* FY adjusted operating expenses fell by $1.2bln or 4 pct
* "We are investing over $2 billion in digital
* FY adjusted profit before tax $19.3 billion, down 1.2 pct
* FY adjusted revenue of $50.2 billion was broadly unchanged
* Co instigating a further $1 billion buy-back programme
* Maintained FY dividend at $0.51 per ordinary share; total
dividends in respect of year of $10.1 bln; confident of
maintaining at this level
* As at 31 Dec 2016 common equity tier 1 ratio 13.6 pct
* FY reported PBT $7.11 billion, down 62.3 percent
* FY reported revenue of $48.0 billion was 20% lower
* Board has determined to return to shareholders up to a
further $1 bln by way of a share buy-back which is expected to
complete in first half of 2017
* Gulliver says "The strength of our network gives us an
unrivalled ability to help clients navigate complexity and
uncover new opportunities"
* "Encouraging to see the significant improvement in
performance across all business units in Mexico"
* "Expect to deliver increased annualised cost savings of c.
* "May need to relocate 1000 roles from London to Paris over
next two years due to Brexit"
* On chairman succession "Process remains on track and an
announcement will be made in due course"
* Targeted reduction of risk-weighted assets is 97 pct
complete; now expect to exceed co's cost reduction target
* "US economy looks robust, growth in China has held up
well, defying concerns reflected in market retrenchment seen in
first quarter of 2016"
* "We anticipate new challenges in 2017 from geopolitical
developments, heightened trade barriers and regulatory
* "By the end of this year, we are on track to have our
anti-money laundering and sanctions policy framework in place"
* At forthcoming AGM, co will bid farewell to independent
directors, namely, senior independent director, Rachel Lomax,
and Sam Laidlaw
* HSBC has received requests for information from "various
regulatory and law enforcement authorities" related to Panama
* HSBC one of 18 institutions referred to south african
competition tribunal for alleged misconduct related to foreign
* Has recognised a provision of $1.2 billion for range of
foreign exchange rate rigging investigations globally
* HSBC CEO Stuart Gulliver's total remuneration drops to 5.7
million pounds in 2016 from 7.3 million pounds in 2015 - Annual
* HSBC chairman Flint's total remuneration falls to 2.1
million pounds in 2016 from 2.5 million pounds in 2015 - Annual
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