Bankers Booted To The Streets?
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  • Charles R. Williams

    So why have they waited so long to make these cuts?

  • Steve

    I think you are substantially overstating the case – if you look at the figures actual article, the American losses are in total only a couple of thousand and overshadowed by cuts in Europe, and most of the big HSBC cuts are in their Latin American subidiaries. (HSBC has a very minor presence in the US)

    While the loss of skilled jobs overseas is an issue, this isn’t strong evidence of it.

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