Bank of East Asia (BEA) cut more than one in ten jobs across its operations in 2016, in an effort to slash costs as its profits shrank.
Founded in 1918, Bank of East Asia is the largest independent local bank and third largest bank in Hong Kong. It was co-founded in 1918 by Li Koon-chun, grandfather of David Li Kwok-po, who has been its chief executive since 1981.
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