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HSBC job cuts
26 September, 2008
It is being reported that HSBC has cut 1,100 jobs in its global banking and markets division.
The reductions in the division’s back-office operations amount to about 4% of HSBC's wholesale banking workforce.
The move follows yesterday’s news that Bradford & Bingley has shut a mortgage processing centre and cut its sales team that deals with mortgage brokers, not to mention its branch-based advisers.