


| HSBC to axe senior managers in strategy shift - sources |
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While it was not clear how many jobs would go, the people said the planned move would mainly hit operations in London and to a lesser extent in Asia, which contributes nearly 90% of the bank's profits. The review will look at HSBC's presence in some Latin American markets, the sources said, a region that accounts for just 3% of its pre-tax profit.
Posted: 2020-02-05 14:29:00
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