HSBC to axe 500 jobs

About 500 UK jobs are being axed at HSBC as part of a worldwide cull within its investment banking division, the group confirmed today.

HSBC to axe 500 jobs
Fri, 26 Sep, 2008 - 08:26

About 500 UK jobs are being axed at HSBC as part of a worldwide cull within its investment banking division, the group confirmed today.

The UK’s biggest bank is cutting about 1,100 posts across its global banking and markets division – 4% of the operation’s total workforce – as it comes under pressure amid the credit crisis.

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