Monday 1 August 2011

HSBC to cut 30,000 jobs in global overhaul

LONDON -- British banking group HSBC said Monday it will cut 30,000 jobs worldwide by 2013 and sell almost half its retail bank branches in the U.S., part of a new strategy to focus on fast-growing emerging markets. The bank, which reported a better-than-expected 3 percent increase in pretax profits ...


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