trending Market Intelligence /marketintelligence/en/news-insights/trending/V9hy8mndHwEYsrf5puanRw2 content esgSubNav
In This List

HSBC to cut jobs in Middle East, North Africa, Turkey

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall


HSBC to cut jobs in Middle East, North Africa, Turkey

HSBC Holdings PLC will ax hundreds of jobs in the Middle East, North Africa and Turkey, starting November, as part of its cost reduction program, Bloomberg News reported, citing people with knowledge of the bank's plans.

The U.K.-based bank was cutting costs, and was likely to reduce up to 10,000 jobs across the company.

The bank might target its global banking and markets and commercial banking units in the cuts, the Oct. 25 report noted.