HSBC chief executive Stuart Gulliver and his senior team today announced the second phase of the group’s restructuring, outlining plans for a further $3bn of cost savings by 2016 and laying out return-on-asset targets for various business lines as the group strives to meet its return-on-equity target.

From stripping out inefficiencies and delayering management to rebalancing assets and instilling a new culture at the group, the plan spans several areas. Financial News takes a look at some of the key points from today's investor update presentation by the bank's leaders.