(Source: ISE - The Irish Stock Exchange plc) RNS Number : 3786X HSBC Holdings PLC 21 February 2017 21 February 2017 HSBC HOLDINGS PLC 2016 RESULTS - HIGHLIGHTS Strategic execution • Completed a $2.5bn share buy-back following the sale of the Brazil business • Further reduced our risk-weighted assets ('RWAs') during 2016 by $143bn as a result of extensive management actions, including the sale of operations in Brazil • Generated annualised run rate savings of $3.7bn, following investment in costs to achieve ('CTA') of $4.0bn to date • Expect to deliver increased annualised cost savings of c. $6.0bn while continuing to invest in regulatory programmes and compliance, with c. $6.0bn of CTA...
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