Monday, March 18, 2013

Firm Set to Slaughter Thousands More Jobs!

HSBC is gearing up for thousands more job cuts, with Europe's biggest bank by market value set to outline the next stage in its strategic overhaul at an investor day in two months' time, according to a CNBC report.

Stuart Gulliver, HSBC's chief executive, said when he announced annual results last week that he would "fixate on costs" over the coming year and promised to find a further $1 billion of annual savings in 2013…

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