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09/06/2015 HSBC, the biggest European bank, cut 50,000 jobs


HSBC To Cut 50,000 Jobs Worldwide By 2017


HSBC to cut 50,000 jobs worldwide


UK - HSBC to slash global headcount by up to 50,000


HSBC Aims to Turn 50,000 Job Cuts into $5B Annual Savings


HSBC to cut 50,000 jobs in bid for higher dividends

Like other global institutions, HSBC, Europe’s largest bank, has been under severe pressure since the 2008 financial crisis to cut costs, meet stringent new regulatory demands and satisfy restless shareholders. To that end, the British bank said that it would shed as many as 50,000 of its approximately 250,000 jobs.
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    • Essentials 

    • Acquisition of Midland Bank 

    • UK banking 

    • first direct 

    • HFC Bank 

    • Other brands 

    • European operations 

    • Armenia 

    • France 

    • Georgia 

    • Ireland 

    • Malta 

    • Switzerland 

    • Turkey 

    • Withdrawal of graduate overdrafts 

    • Cultural insensitivity 

    • Links to arms dealership 

    • Money laundering for drug cartels 

    • Closure of Islamic accounts 

    • Relationship with China