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HSBC to cut up to 50,000 jobs, slash investment bank

HSBC will cut almost 50,000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance, Europe`s biggest bank said on Tuesday.

HSBC cuts over 22,000 jobs worldwide in Jan-Sept

The bank had 2,67,000 employees at the end of September, 2012, almost 22,000 lower than that on December 31, 2011.

HSBC rules out large scale job cuts in India

A day after announcing trimming its global workforce by 30,000, banking major HSBC Tuesday ruled out any significant job cuts in India, a strategic market where it is fighting high attrition rate.