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HSBC has become the latest big name lender to announce a series of drastic changes to its personnel group, portending the elimination of upwards of 50,000 jobs across its global operations, according to an HSBC statement.
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HSBC now joins the growing ranks of lenders, including Deutsche Bank, Standard Chartered, and Barclays, among others, that have gutted their workforce. The financial services industry has been hardest hit in the UK, namely London, where the majority ... (read more)