HSBC expects progress this year on resolving past conduct issues

LONDON, April 24 (Reuters) - British bank HSBC saidit expects to make progress on resolving past conduct issuesthis year.

"As recent events have shown, there are a number of legacyissues left to resolve. We will make further progress on thesein 2015," Chief Executive Stuart Gulliver told investors at theannual meeting in London.

Gulliver also said the costs of operating a global businessmodel had increased significantly in recent years, which hadrequired the bank to revise the targets it set in 2011.

"These costs are not going to go away, or likely be reduced.Rather, they represent the new normal for global banks," hesaid. (Reporting by Steve Slater; Editing by Pravin Char)