HSBC to cut thousands of jobs globally

Posted online June 2, 2015 | 6:39 am

HSBC will next week set out plans to cut thousands more jobs across its global workforce as it tries to reassure shareholders that its focus on costs remains undiminished after a series of reputational crises, Sky News reports.

Insiders said the job cut figure could be as much as 20,000.

Europe's largest lender employed 258,000 as of Dec. 31.

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