Getting your player ready...
European bank HSBC said Monday it was cutting 30,000 jobs as part of a cost-cutting program to improve profitability.
The cuts, which would represent about 10 percent of HSBC’s workforce, are part of the company’s strategy to reduce expenses by $2.5 billion to $3.5 billion over the next two years.
HSBC announced Sunday that it would sell 195 of its branches in upstate New York to the First Niagara Financial Group for about $1 billion.
