HSBC plans to reduce its sales and trading and research presence in Europe as part of overhaul. Photo: David Wong HSBC plans to reduce its sales and trading and research presence in Europe as part of overhaul. Photo: David Wong
HSBC plans to reduce its sales and trading and research presence in Europe as part of overhaul. Photo: David Wong

HSBC to cut costs by US$4.5 billion, slash 35,000 jobs in third overhaul in a decade as bank’s 2019 earnings miss target

  • Axe to fall on European cash equities, US retail branches and US fixed income
  • HSBC to accelerate investment in Asia

Topic |   HSBC: Latest news and updates
HSBC plans to reduce its sales and trading and research presence in Europe as part of overhaul. Photo: David Wong HSBC plans to reduce its sales and trading and research presence in Europe as part of overhaul. Photo: David Wong
HSBC plans to reduce its sales and trading and research presence in Europe as part of overhaul. Photo: David Wong
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