A woman walking by a money exchange shop decorated with currency notes of different countries at Central, a business district in Hong Kong on August 6, 2019. Photo AFP A woman walking by a money exchange shop decorated with currency notes of different countries at Central, a business district in Hong Kong on August 6, 2019. Photo AFP
A woman walking by a money exchange shop decorated with currency notes of different countries at Central, a business district in Hong Kong on August 6, 2019. Photo AFP

Citi, Morgan Stanley join Europe’s banks in hitting ‘pause’ on job cuts as coronavirus pandemic ravages the global economy

  • Citigroup will suspend any planned job cuts, according to a person familiar with the matter, and Morgan Stanley Chief Executive Officer James Gorman told employees in a memo Thursday that the bank will not trim the workforce this year
  • HSBC Holdings is putting on hold as many as 35,000 job cuts while Lloyds Banking Group halted its plans to trim around 780 positions

Topic |   Jobs
A woman walking by a money exchange shop decorated with currency notes of different countries at Central, a business district in Hong Kong on August 6, 2019. Photo AFP A woman walking by a money exchange shop decorated with currency notes of different countries at Central, a business district in Hong Kong on August 6, 2019. Photo AFP
A woman walking by a money exchange shop decorated with currency notes of different countries at Central, a business district in Hong Kong on August 6, 2019. Photo AFP
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