HSBC Plans to Cut 30,000 Jobs or 10% Jobs

[jakejones]

HSBC is a waste of space. It should be sold to the Chinese.

 

[Fireplace]

Good one

Quote from jakejones:

HSBC is a waste of space. It should be sold to the Chinese.

 

[LeeD]

Quote from jakejones:

HSBC is a waste of space. It should be sold to the Chinese.

In case someone is ignorant, HSBC means Hong-kong Shanghai Banking Corporation.

http://www.hsbc.com/1/2/about/history/history

How much more Chinese can you get?

 

[Hollywood101]

Quote from LeeD:

In case someone is ignorant, HSBC means Hong-kong Shanghai Banking Corporation.

http://www.hsbc.com/1/2/about/history/history

How much more Chinese can you get?

LMFAO ... oops

 

[bearice]

HSBC had no "bailout" as far as I am aware. They have reported profits of 36%.

HSBC is the only safe big bank. How many other big banks had no bailouts?

HSBC to hire 15,000 in growth markets

HSBC is planning to hire up to 15,000 new staff in Asia and Latin America over the coming three years even after confirming plans to shed 30,000 employees elsewhere.

As I understood the report the cutbacks are to be made when pulling out of unproductive markets.

 

[bearice]

My prediction is that HSBC will hire atleast 100,000 more employees in the coming years and HSBC will buy or takeover many other big banks in the world.