Banking, finance, and taxes
HSBC to Fire as Many as 35,000
Published:
Last Updated:
After its announced rough fourth-quarter earnings, huge bank HSBC told media that it will cut as many as 35,000 jobs.
The bank’s pretax profit fell 33% to $13.4 billion, well below analyst forecasts. It also said coronavirus could cut performance further.
In Europe, it will chop marketing costs. In the United States, it will cut its bank branch network by about a third.
Robinhood revolutionized commission free investing, and it continues to do so today. With a few simple taps you can trade stocks like Nvidia and Amazon, market beating mutual funds, and trade options with Robinhood Financial. FDIC insurance coverage is just another benefit.
And, you can buy and sell cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) with Robinhood Crypto.
Sign up today — click here to start your journey.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.