News
18 February 2020

HSBC signals 35,000 job cuts as profits plunge

Region:
Europe

HSBC is to cut around 35,000 jobs as it announced profits for 2019 fell by about a third.The fall has spurred the bank to target £3.5 billion ($4.5 billion) of cost cuts by 2022 as part of a major restructuring. The bank's interim chief executive, Noel Quinn, said HSBC would scale back its...

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