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Bloodbath of lenders in HSBC’s most significant shake-up in 155 years

Bloodbath of lenders in HSBC’s most significant shake-up in 155 years
Bloodbath of bankers in HSBC's biggest shake-up in its 155-year historyBy Daily Mail City & Finance Reporter Published: 17:58 EDT, 26 May 2020 | Updated: 17:58 EDT, 26 May 2020 HSBC is set to intensify the biggest shake-up in its 155-year history, putting even more jobs at risk.The bank had already announced it was axing…
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HSBC is set to intensify the greatest shake-up in its 155- year history, putting even more tasks at risk.

HSBC had already revealed it was axing 35,000 posts this year. Due to the pandemic, the lending institution now thinks its overhaul might need to be even more radical

HSBC, which is mainly focused on Asia, alerted last month that it was bracing for ₤ 8.8 billion worth of loans to turn sour this year, as Covid-19 wreaks havoc.

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