A Chastened HSBC Comes Home to Hong Kong
The bank mounted its horse and rode off in all directions. Now trying to find its way back
Only a few days after the United Kingdom retreated into Little England via Brexit, the last surviving major part of its imperial corporate presence announced a retreat to its own little Hong Kong home.
HSBC announced massive impending cuts to its operations in Europe and the US, cutting 35,000 jobs over the next three years, as well as the further slimm…
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