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HSBC+mulls+thousands+more+job+cuts%3A+report
Tuesday, 19 March 2013 - 12:35
HSBC mulls thousands more job cuts: report
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Financial Times reports that HSBC could cut up to another 5,000 jobs as Europe's biggest bank looks to find further savings.

The business daily said HSBC -- Europe's largest bank by market value -- was set to outline the next stage of a strategic overhaul at an investor day in May.

Cutting 5,000 posts would help the London-headquartered lender make savings of 1 billion dollars, a target chief executive Stuart Gulliver wants to achieve this year.

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