HSBC Profits Hammered by Pandemic and Soaring US-China Tensions

The Asia-focused lender embarked on a huge cost-cutting initiative at the start of the year, including plans to slash some 35,000 jobs as well as trimming fat from less profitable divisions, primarily in the United States and Europe.

from Top Business News- News18.com https://ift.tt/3k4ykIz

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