HSBC: Ultimately, one in five jobs will go

LessThunk: They will all start to follow suit..UK shall reap what it has sown with rampant banker-bashing !

Just days after JPMorgan revealed it would fire another 5,000 by the end
of the year in a “scalpel” headcount reduction, overnight the world’s
favorite drug money laundering bank HSBC unleashed the “machete” and
announced it would cut almost 50,000 workers, or one in five bankers, a
move which would shrink the investment bank division by one-third.


Categorised as: banking | economy

Posted by: Kramer

Comments are disabled on this post

Comments are closed.

Disclaimers – All content here is NOT presented as investment advice; LessThunk is NOT endorsing any website or specific investment by displaying external links.

We may or may-not (coincidentally) hold some quantity of stock or other investment related to any given post, no endorsement is implied in any sense.