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HSBC to cut 30,000 jobs despite pre-tax profits rise
HSBC increases profits but will announce staff cuts, no mention of Malta in list of countries that will experience the axe.
Banking giant HSBC has said it will cut another 25,000 jobs by 2013 and exit operations in 20countries as it looks to save billions of dollars. The announcement came as the bank reported pre-tax profits for the first six months of the year of $11.5bn (£7bn), up 3% on the $11.1bn the bank made a year earlier It is not known whether HSBC Malta will cutting its staff complement. HSBC was formerly Mid-Med Bank Ltd.
