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Canary_Wharf_HSBC_3.jpg?profile=RESIZE_710xBank forced to shed jobs due to low interest rates, Brexit and global tariff wars

HSBC plans to lay off up to 10,000 staff as it embarks on a fresh cost-cutting drive just months after ousting its chief executive.

The cuts would mostly affect high-paid roles and shrink the global workforce by 4%, the Financial Times reported (£). It comes as the UK-based bank grapples with falling interest rates, Brexit and global tariff wars. HSBC declined to comment.

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The Guardian

 

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