UPDATE 1-HSBC to cut up to 10,000 jobs in drive to slash costs -FT

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HSBC Holdings Plc is planning to cut up to 10,000 jobs and may announce the plan when it reports 3Q results later this month, FT said. YahooFinance

Oct 6 - HSBC Holdings Plc is planning to cut up to 10,000 jobs as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday.

HSBC could announce the beginning of the latest cost-cutting drive and job cuts when it reports third-quarter results later this month, the FT said, citing one person briefed on the matter.

Source: Financial Digest (financialdigest.net)

 

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