CLEAN : Investors likely to welcome HSBC cost cutting steps

The video discusses HSBC's strategies to reduce costs, including relocating headquarters from London to Hong Kong and laying off staff. These moves aim to save on taxes and operational costs, potentially pleasing some investors while upsetting others due to the shift from a traditional financial center. The video also addresses the diminishing impact of past scandals on HSBC's business and future earnings.

What is one of the primary methods HSBC is using to reduce costs?

• Expanding their headquarters

• Laying off staff

• Hiring more employees

• Increasing staff salaries

Why might investors be pleased with HSBC's decision to move their headquarters to Hong Kong?

• It will lead to more staff layoffs

• It will increase their operating costs

• It will decrease their market presence

• It will save taxes on future earnings

What is a potential downside of HSBC moving its headquarters from London?

• It might upset some investors

• It will lead to more scandals

• It will reduce their influence in the East

• It will increase tax liabilities

How have past scandals affected HSBC's business in recent years?

• They have significantly boosted earnings

• They have improved their development plans

• They have had no impact

• They have directly hit their business and earnings

What is the expected future impact of the scandals on HSBC's earnings?

• They will have a greater impact

• They will have less impact

• They will completely disappear

• They will remain the same