HSBC to chop as much as 10,000 jobs: FT


FILE PHOTO: A person walks previous a brand of HSBC at its headquarters in Kuala Lumpur, Malaysia August 6, 2019. REUTERS/Lim Huey Teng/File Photograph

(Reuters) – HSBC Holdings Plc (HSBA.L) is planning to chop as much as 10,000 jobs as interim Chief Government Officer Noel Quinn seeks to cut back prices throughout the banking group, the Monetary Instances reported on Sunday.

The plan represents the lender’s most formidable try in years to chop prices, the newspaper stated here citing two individuals briefed on the matter.

HSBC didn’t instantly reply to a Reuters request for remark.

Reporting by Shubham Kalia in Bengaluru; Modifying by Peter Cooney

Author: Maxwell C.

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