HSBC says 2,217 UK jobs to go; another 950 affected

HSBC is cutting more than 2,200 jobs in Britain as part of its drive to slash costs and boost profitability in the face of a changing banking landscape. Unite union said 3,167 roles would be impacted by ...

By Steve Slater LONDON

By Andrew Torchia DUBAI (Reut

LONDON (Reuters) - HSBC Holdings said the theft of data by a former employee affected about 15,000 Swiss client accounts, after previously saying it affected "less than 10 clients."

DUBAI (Reuters) - Changing trading patterns and pressure to improve profit margins will boost the Gulf's use of the Chinese yuan in coming years, the head of banking giant HSBC's China operations said on Monday.

ST. JOHN’S, N.L. – Newfoundland and Labrador will trim government jobs and cut the size of the premier’s cabinet in a $7.6-billion budget tabled Tuesday as the province faces a deficit of $563.8 million in the 2013-14 fiscal year. The deficit is on top of a shortfall of almost $431 million for this fiscal year as net debt grows almost $1 billion to $9.5 billion next year.

Facing competition from cheap natural gas, coal producer Alpha Natural Resources said it's cutting production by 16 million tons and eliminating 1,200 jobs companywide. The cuts include 400 jobs with the immediate closing of eight mines in Virginia, West Virginia and Pennsylvania.» E-Mail This     » Add to Del.icio.us

Microsoft is cutting about 200 jobs as part of a marketing department restructuring, according to the Seattle Times. The company has confirmed that they are eliminating a small number of jobs in marketing, but did not specify how many. Most of the cuts will be in the Seattle area, the Times story says, adding that ...