Monday 1 August 2011

Banking giant plans to cut 25,000 more jobs

LONDON  — HSBC will axe 30,000 jobs as it slashes costs and retreats from countries such as Russia, Poland and the U.S., where it is struggling to compete, Europe's biggest bank said after reporting a surprise rise in first-half profit. HSBC's shares rose as much as 5 percent as first-half pretax ...


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