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HSBC to shed assets worth $100 billion, slash 35,000 jobs over three years; to combine retail banking and wealth management business unit
Business

HSBC to shed assets worth $100 billion, slash 35,000 jobs over three years; to combine retail banking and wealth management business unit

In the United States, where the bank has underperformed for years, HSBC said it needed to improve returns and would close around a third of its 224 branches and target only international and wealthier clients.