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  "documentTitle": "HSBC | Credit Presentation Deck | 45 slides",
  "authorId": "hsbc",
  "authorName": "HSBC",
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  "sourceTypeSlug": "investor_relations",
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  "presentationDate": "2022-02-01 00:00:00",
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  "notes": "The slide uses a waterfall chart to bridge 2019 and 2021 costs, highlighting the impact of cost programme savings.",
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      "text": "Stable costs over FY22",
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      "text": "Programme cost saves to date of $3.3bn and associated CTA spend of $3.6bn; c.60% completion of announced cost programme. Technology spend of $6.0bn, up 6% vs. FY20. Expect CTA spend of c.$3.4bn over FY22, expected to generate >$2bn of cost saves.",
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      "text": "Targeting FY22 adjusted costs in line with FY21. We intend to manage cost growth within a 0 – 2% range in FY23, mitigating inflation with cost saves",
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      "evidence": "The adjusted revenue performance, net interest income, and cost programme progress provide satisfaction",
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      "evidence": "The credit performance and asset quality sections provide a golden circle loop",
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      "objective": "Explaining the why behind HSBC's strategy",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
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