Monday, 1 August 2011

Banking giant HSBC posts $11.5 billion profit, announces plan to slash 25,000 more jobs

LONDON  — HSBC will shed 30,000 jobs as it retreats from countries where it is struggling to compete, Europe's biggest bank said Monday after it reported a surprise rise in first-half profit. Shares in HSBC rose over 4 percent after it unveiled first-half pretax profits of $11.5 billion, up from ...


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