HSBC plans to slash thousands of jobs after the surprise ouster of Chief Executive John Flint, flagged a worsening outlook for the global economy in its second-quarter results
HSBC Holdings PLC plans to slash thousands of jobs and slow investment spending after the surprise ouster of Chief Executive John Flint.
Up to 2% of the bank’s 237,685 employees could lose their jobs, a bank executive said Monday, as HSBC flagged a worsening outlook for the global economy in its second-quarter results.
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