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Making the cut: StanChart, HSBC race to slash costs seen stumbling

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Standard Chartered and HSBC are in full sprint to cut down costs but their third-quarter earnings reports this week may show the banks running in place. HSBC is far ahead of its cross-town rival in marking out a route for cutting down costs. But that’s not saying much given that…

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Click here to read the full story: South China Morning Post

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