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The biggest European bank, HSBC, was forced to lay off over 35.000 jobs

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HSBC will, over the next three years, roughly 35,000 jobs, compared to 15 per cent of all jobs in the company. The bank has, in the past years, declines in inco

HSBC will, over the next three years, roughly 35,000 jobs, compared to 15 per cent of all jobs in the company. The bank has, in the past years, declines in income enhancement.

HSBC, which is measured to the balance sheet of the biggest bank in Europe to reduce, inter alia, the investment bank, and the united states and European operations have drastically adjust. This is to ensure that the cost of 4.5 billion us dollars (4,16 billion euros) will fall. With HSBC, are now working in a total of 235.000 people.

Noel Quinn, the interim chief executive for HSBC, said in a note on the financial statements that, in some parts of the activity did not have acceptable yields result. The plan is to ensure that returns to shareholders will increase.

HSBC was booked in 2019, with a profit before tax of a 13,35 billion, a decline of one-third. The gain was much smaller than that of the average estimate of analysts ($20 billion).

Date Of Update: 18 February 2020, 17:00

Categories: Optical Illusion
Source: newstars.edu.vn

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