HSBC France to cut 1 in 3 global banking and markets jobs

clock • 1 min read

HSBC has announced sweeping cuts to its workforce in Paris as part of the UK-based giant's worldwide job cuts of 35,000. The Global Banking and Markets arm of HSBC France is to lay off 255 of 678 positions, according to French business daily Les Echoes today. HSBC remains Europe's biggest bank by assets yet its French operations, where its European banking division is based, have struggled in recent years with low interest rates and an under-performing investment arm. The retail banking...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.

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