HSBC to axe nearly 10,000 jobs to slash costs

HSBC to axe nearly 10,000 jobs to slash costs

A man walks past a logo of HSBC outside a branch at the financial Central district in Hong Kong, China June 2, 2015. REUTERS/Bobby Yip

HSBC Holdings Plc is embarking on a cost-cutting drive that threatens as many as 10,000 jobs, the Financial Times reported, citing two people briefed on the matter.