LONDON, May 7 (Reuters) - HSBC is saving$4 billion a year on an annualised basis due to measuresintroduced in its restructuring plan in early 2011, the bank'sFinance Director Iain Mackay said on Tuesday.
That exceeds the top end of its target range of $3.5billion, although Chief Executive Stuart Gulliver declined tosay if he plans to update his savings target until a strategypresentation due next year.