HSBC to slash 35,000 jobs, cut costs by $4.5 billion as earnings miss target
Feb 18, 2020
Hong Kong, Feb 18 (ANI): HSBC, the largest of Hong Kong's three currency-issuing banks, said on Tuesday it plans to cut as much as 35,000 jobs, reduce costs by an additional 4.5 billion US dollars and shrink its investment bank in Europe and the United States as part of a broad overhaul by interim Chief Executive Noel Quinn.
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