LONDON, May 7 (Reuters) - HSBC made $275 million ofsustainable savings in the first quarter and sees plenty moreopportunities to reach its target of achieving a further $2-3billion in annual cost savings, its finance director said onWednesday.
"There is no let up or absence of opportunity to realisecost savings," HSBC Finance Director Iain Mackay told analystson a conference call.
Mackay said there were some pressure on revenues in Braziland elsewhere in Latin America, but revenue trends were "broadlyconstructive" for Asia and "generally stable" elsewhere.
HSBC reported a 20 percent fall in first quarter profitsafter revenue dipped at its investment bank and last year'searnings were swelled by asset sales. (Reporting by Steve Slater; Editing by Matt Scuffham)
HSBC Holdings (HSBA)
