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HSBC, Deutsche Bank Shakeups Highlight Europe’s Fight to Adapt

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Will HSBC Job Cuts Be a Blueprint for European Banks?

Shakeups at HSBC Holdings Plc and Deutsche Bank AG in the past 48 hours highlight Europe’s struggle to adapt to the post-financial crisis landscape.

The giant financial institutions are struggling to bolster shareholder returns amid rising regulatory requirements and waning trading revenue. As a result, the focus has shifted to deeper expense cuts.