HSBC Aims to Turn 50,000 Job Cuts into $5B Annual Savings

HSBC plans to cut as many as 50,000 jobs in the next two years in a cost cutting effort that could save $5 billion annually. Bloomberg’s Jonathan Tyce reports on “Market Makers.” (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (08/21)
18:18 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Brad Blakeman, former deputy assistant to Pres. George W. Bush, Dan Akerson, former CEO of General Motors, and Kathy Jones, of Charles Schwab & Co. (Source: Bloomberg)
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