HSBC, Credit Suisse Swing the Axe

As financial crisis bites deeper, the two big banks are both trimming their workforces in Britain. A trade union reacted with fury

Another 1,150 redundancies in Britain's banking industry were announced yesterday as Credit Suisse (CS) cut 10 per cent of its UK workforce and HSBC (HBC)said it was axing 500 jobs.

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