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Chief Executive Noel Quinn

HSBC Layoffs 35,000 Jobs, Reduce Costs by $4.5 Billion as Earnings Miss Target

The largest of Hong Kong three currency- issuing bank HSBC decided to cut its plans as much as 35,000 jobs to reduce the costs by additional 4.5 billion US dollars and shrink its investment bank and revamp its US and European Business in a drastic overhaul by interim Chief Executive Noel Quinn. The main reason...