Key facts: HSBC to meet $1.5B cost-cutting target early; raises lending goal
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HSBC's CEO Georges Elhedery stated the bank will meet its $1.5 billion cost-cutting target six months early, focusing on high-return markets, especially in Asia.1HSBC raised a key lending target, contributing to a rebound in financials and aiding European shares in closing at a record high.2On February 25, 2026, HSBC Holdings PLC held a Zoom meeting to share its 2025 annual results, featuring insights from CEO Georges Elhedery and CFO Pam Kaur.3
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