Cost cutting: HSBC freezes salaries & hiring in 2016

Cost cutting: HSBC freezes salaries & hiring in 2016

A Swiss International aircraft flies past the HSBC headquarters building in the Canary Wharf financial district in east London February 15, 2015. REUTERS/Peter Nicholls

Europe’s largest lender, HSBC, is imposing a hiring and pay freeze across the bank globally in 2016, two sources familiar with the matter told Reuters.

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