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HSBC restructuring plans fuel fears of job cuts

32247620687_62ed09acc8_b.jpg?profile=RESIZE_710xHSBC is planning to restructure its business after the banking giant said its performance in parts of Europe and the US was "not acceptable".

Interim chief executive Noel Quinn said plans to improve these divisions were "no longer sufficient" and that it was "accelerating plans to remodel them".

Earlier this month, the bank, which employs 238,000 people, was reported to be planning up to 10,000 job cuts.

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BBC News

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