By Nesh Pillay

Today we feature HSBC, a UK-based bank with a global presence that has decided to shed costs by shedding tens of thousands of jobs.

1) The bank

HSBC, headquartered in London, though founded in Hong Kong, is one of the world’s largest bank in terms of its assets. It operates almost 7,000 offices in 73 countries worldwide and services approximately 60 million customers.

2) The old cuts

The bank first tried its hand at major cost-cutting between 2011 and 2014. During this time, it cut almost 40,000 jobs. However, the move did not save as much as was hoped because regulatory compliance costs have Read full story ›

Source: The Drum