HSBC Job Cuts: Layoffs at Investment Bank to Start in Asia

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HSBC is kicking off a fresh round of job cuts at its investment bank as new Chief Executive Officer Georges Elhedery continues his overhaul of Europe’s biggest lender, according to people familiar with the matter. The latest phase of cuts will start in Asia, but will ultimately affect employees globally, said the people. Bloomberg's Manuel Baigorri reports.
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It's going to happen all over the world. The Oligarchs have all the money, and they're not spending or investing it. There's $7 TRILLION DOLLARS just in U.S. Money markets. We need an Eisenhower tax rate.

NURREDIN
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I genuinely feel for the HSBC staff. They have improved on their customer service quality, I enjoyed visiting their HQ office. But unfortunately this is a global problem. Not just HK.

beaumont
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HSBC is a lost bank… they already lost their retail part in our country

AnjaliPayneeandy-kb
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HSBC can sell more stock Asia all join us or making future word.

Shahin-jj
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TRUMP: FAFO UK AND CHYNAH!!MORE TARIFFS!!

jackblack
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