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...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Video
12 February 2026

Dealmakers: Cenk Olcay Seran, ECC

TXF spoke with Cenk Olcay Seran, director of international development at ECC, to outline the EPC contractor's global footprint, from structuring DFI and ECA-backed debt for...

Perspective
23 February 2026

Calmer waters for European offshore?

The political support is definitely there, but offshore wind in the North Sea is producing mixed results. What do the results of the UK auction - and delays to the German...