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Feb 21 (Reuters) - HSBC Holdings Plc:
* FY adjusted operating expenses fell by $1.2bln or 4 pct
* "We are investing over $2 billion in digital transformation initiatives"
* 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. $6.0bn"
* "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 uncertainty"
* "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 papers leak
* HSBC one of 18 institutions referred to south african competition tribunal for alleged misconduct related to foreign exchange market
* 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 Report
* HSBC chairman Flint's total remuneration falls to 2.1 million pounds in 2016 from 2.5 million pounds in 2015 - Annual Report Source text for Eikon: Further company coverage: