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HSBC shuts brokerage arm in India; around 300 lose jobs

Last Updated: Thursday, October 17, 2013, 19:57

Nearly 300 employees of the company stand to lose their jobs due to the decision, according to sources.

ABN AMRO to cut 400 jobs as part of reorganization drive

Last Updated: Friday, May 17, 2013, 15:38

Another banking major HSBC has recently said it plans to axe as many as 14,000 jobs.

HSBC to slash down another 14000 jobs

Last Updated: Thursday, May 16, 2013, 19:49

HSBC is determined to slash 14000 jobs despite earning huge profits and plans for a cost-cutting worth 2 billion pounds over the next three months.

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

Last Updated: Monday, November 05, 2012, 20:05

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

HSBC cuts several hundred investment bank jobs

Last Updated: Thursday, November 10, 2011, 23:58

HSBC Holdings is laying off several hundred investment bankers in London, Hong Kong and elsewhere this week as part of its jobs cull to save billions of dollars.

HSBC rules out large scale job cuts in India

Last Updated: Tuesday, August 02, 2011, 19:37

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.

HSBC to cut 30,000 jobs, posts surprise rise in H1 profit

Last Updated: Monday, August 01, 2011, 15:50

HSBC will shed 30,000 jobs as it retreats from countries where it is struggling to compete, Europe's biggest bank said on Monday after it reported a surprise rise in first-half profit.