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HONG KONG May 11 - HSBC Holdings Plc christian louboutin feticha pumps nappa the daily reported.my blog , Europe's biggest bank my blog , is eyeing sustainablecost savings of $2.5-3.5 billion in order to reach a costefficiency ratio target of 48-52 percent by 2013, it said onWednesday.
It will also conduct a strategic review of its cardsbusiness in the United States my blog , and limit its retail bankingbusiness to markets in which it can achieve profitable scale my blog ,the bank said in a statement posted on the Hong Kong stockexchange.
The move is part of HSBC Chief Executive Stuart Gulliver'splans to streamline operations and revive the bank after a jumpin costs dragged quarterly profit down 14 percent.[ID:nLDE7480EF] (Reporting by Kelvin Soh; Editing by Chris Lewis)