The cuts could disproportionately hit HSBC’s European operations, where returns have lagged behind its Asian division. It was the only region to record a loss, totalling £520m, in the first half of the year.
“There’s some very hard modelling going on. We are asking why we have so many people in Europe when we’ve got double-digit returns in parts of Asia,†the FT’s source said.
HSBC plans to cut 10,000 more jobs worldwide, says report
https://www.theguardian.com/business...de-says-report