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It came as HSBC reported a 50?ll in revenues linked to the pandemic.
Pre-tax profits for the very first three months came in at $3.2 bn (₤ 2.6 bn), down from $6.2 bn a year earlier.
” The financial effect of the Covid-19 pandemic on our customers has been the primary driver of the modification in our monetary efficiency,” Mr Quinn said.
Earlier this year, HSBC stated it planned to scale back its headcount from 235,000 to about 200,000 over the next three years.
The move belongs to a restructuring program which intended to accomplish $4.5 bn (₤ 3.6 bn)