FORUM
  Home
  Forums
  TLF Donations
  Forum Rules
  Register
  LINKS
  Property Buying Guide
  Didim Google Map
  Weather Station
  FUN
  Arcade Games
  Daily Crossword
  Jen's Chat Room
  Lira Exchange Rates
Old 18th February 2020, 11:22   #1 (permalink)
Senior Member
 
bickern's Avatar
 

Thanks: 4,123
Thanked 16,045 Times in 6,268 Posts
bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute
HSBC to cut 35,000 jobs

HSBC to cut 35,000 jobs and shed assets in major overhaul. The restructure is HSBC's third in a decade and its under-performing investment banking arm is expected to bear the brunt.

Sky News City editor Mark Kleinman said this would be HSBC's third major restructure in 10 years and that the under-performing investment banking business in the US and Europe would "bear the brunt of this jobs cull".

He added: "This plan to cut tens of thousands of jobs is a pattern we've seen across the banking industry since the financial crisis of 2008 because ultra low interest rates for the last decade have depressed the returns and performance of big international banks like HSBC."

HSBC reported its 2019 profit before tax was $13.35bn (10.2bn), down from $19.89bn (15.3bn) the previous year - a drop of 33%. Analysts had expected around $20bn (15.4bn).

The bank blamed $7.3bn (5.6bn) in write-offs linked to its global banking and markets and commercial banking business units in Europe.

HSBC is Europe's largest bank by assets but makes around half of its revenue and 90% of its profit in Asia.

In recent times, it has faced a number of challenges: slowing growth in its main markets, the coronavirus, anti-government protests in Hong Kong, and the UK's withdrawal from the European Union.

https://news.sky.com/story/hsbc-to-c...rhaul-11936903
__________________
Regards Norperson (friends can still call me Norman)

A man who views the world the same at fifty as he did at twenty has wasted thirty years of his life.
Muhammad Ali
bickern is offline send PM Reply With Quote Share on facebook
Reply

Tags
000 , cut , hsbc , jobs


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Jobs????? brit_chick Marmaris Forum 20 10th January 2013 12:47
Who has jobs? Charl Turkish Life Forum 9 23rd June 2012 19:22
jobs haybags Bodrum Forum 3 30th March 2009 08:56
jobs? lottie8888 Bodrum Forum 7 31st October 2007 21:34



All times are GMT +1. The time now is 15:13.
TurkishLiving.com tested by Norton Internet Security TurkishLiving.com tested by McAfee Internet Security
Powered by vBulletin® Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Style Provided By: Wrestling Clique - Wrestling Forums
TurkishLiving.com


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155