HSBC to cut 50,000 jobs in bid for higher dividends

World Today

HSBC’s announcement of a major overhaul may not have impressed investors from London to Hong Kong, but it has brought the lender closer to its planned shift of its business focus to Asia, particularly in China. Cathy Yang filed this report from Hong Kong.

HSBC to cut 50,000 jobs in bid for higher dividends

HSBC's announcement of a major overhaul may not have impressed investors from London to Hong Kong, but it has brought the lender closer to its planned shift of its business focus to Asia, particularly in China.