CLEAN : Investors likely to welcome HSBC cost cutting steps

The video discusses HSBC's strategies to reduce costs, including relocating headquarters from London to Hong Kong and laying off staff. These moves aim to save on taxes and operational costs, potentially pleasing some investors while upsetting others due to the shift from a traditional financial center. The video also addresses the diminishing impact of past scandals on HSBC's business and future earnings.

What is the speaker's overall opinion on HSBC's decision to move their headquarters?

In what way does the speaker believe the scandals will affect HSBC's future earnings?