


| Nightmare at HSBC: Profits down 33% with 35,000 jobs to be axed |
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It will pull money out of these less profitable areas and pour it into faster-growing businesses, such as private banking for wealthy clients. And it will halve its branch network on the east coast of the US, while gradually expanding its west coast operations targeting the region's Asian and international communities.
Posted: 2020-02-18 23:48:00
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