HSBC UK set to shift more jobs from London to Paris amid planned cuts

Global banking giant HSBC is reported to be embarking on a round of job cuts to its UK staff, as the London-headquartered bank begins relocating more roles to its European head office in Paris. Europe's largest bank employs some 235,000 people around the world, with approximately 48,000 of these currently based in the UK. The bank is in the throes of a worldwide restructuring in an effort to improve efficiency, boost its technological capabilities and re-focus the group's energies on its Asian origins, where it makes around 40% of its profits. According to the i newspaper, moves are a...