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HSBC to Drop 35,000 Jobs and Invest in Digital Finance

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In an earnings call held on Tuesday, Feb. 18, an HSBC executive revealed the bank plans to cut 35,000 jobs by the end of 2022 and invest more in digital systems.

The plan for HSBC in the next three years is to cut down on staff and branches and simplify the operation by investing in technology. Noel Quinn, group chief executive added in the earnings call that:

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Source: Cryptocurrency - investing.com

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