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HSBC Follows Deutsche Bank in Reactivating Massive Job Cuts

  • Lenders had suspended plans after widespread impact of virus
  • Credit Suisse opened the door to future cuts after halt
HSBC Seeks Revamp With 35,000 Staff Cuts
Photographer: Chris Ratcliffe/Bloomberg
Updated on

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Europe’s largest banks are resuming plans to cut thousands of jobs after putting dismissals on hold to show support for employees affected by the coronavirus outbreak across the continent.