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.

Read more from Sky News.

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