London Daily

London Daily News
Friday, Dec 04, 2020

HSBC to cut costs by US$4.5 billion, slash 35,000 jobs in third overhaul in a decade as bank’s 2019 earnings miss target

HSBC to cut costs by US$4.5 billion, slash 35,000 jobs in third overhaul in a decade as bank’s 2019 earnings miss target

Axe to fall on European cash equities, US retail branches and US fixed income
HSBC to accelerate investment in Asia
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