Investment Banking

HSBC to spend up to $17bn on tech and growth

Chief executive John Flint says it's time for the bank 'to get back into growth mode'

HSBC to spend up to $17bn on tech and growth

HSBC said Monday that it will invest between $15bn and $17bn in technology and growth as it targets a return on tangible equity of 11% by 2020.

Group chief executive John Flint said that, after a period of restructuring, "it is now time for HSBC to get back into growth mode".

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