Nightmare at HSBC: Profits down 33% with 35,000 jobs to be axed
The stand-in boss of HSBC has announced plans to axe 35,000 jobs as he stepped up his bid to become chief executive. Noel Quinn, who became interim chief in August after John Flint was ousted, outlined a sweeping shake-up of the bank designed to save £3.5billion by 2022. The cost-cutting drive, which Quinn hailed as … Read more