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HSBC to cut up to 30,000 jobs by 2013

HSBC will slash up to 30,000 jobs worldwide over the next two years as part of a major cost-cutting drive, the global banking giant said on Monday, as it posted bumper profits. “There will be further job cuts,” HSBC chief executive Stuart Gulliver told journalists on a conference call after…

Regulators looking at ways to cap big banks: source

LONDON (Reuters) – Global banking regulators are discussing how to use extra capital cushions as a means of stopping very big lenders getting even larger, a source familiar with the talks said on Friday. World leaders have asked the Basel Committee on Banking Supervision to flesh out a package of…

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