Comment on HSBC slashes jobs as it shifts focus further to Asian roots

HSBC slashes jobs as it shifts focus further to Asian roots

LONDON – HSBC Holdings, Europe’s largest bank by market value, will cut up to 25,000 jobs globally to reduce costs and shift its center of gravity further toward the fast-growing Asian economies where it started operations 150 years ago. The London-based bank, which is worth 120 billion pounds ($184 billion), about the same as U.S.

 

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