In the same month, its group chief executive and director of HSBC Holdings John Flint stepped down, prompting Noel Quinn to be appointed as interim group chief executive and a director of HSBC Holdings.
The plan represents the lender's most ambitious attempt in years to cut costs, the newspaper said here citing two people briefed on the matter.
HSBC did not comment on the report.
Five murdered in Austrian ski town of Kitzbuehel
He left when her father opened the door and was told once again that the relationship was over, according to Bild . The five fatal shootings took place in the quiet ski town of Kitzbuehe, Austria , at around 4am on Sunday.
Earlier this year, the bank made it public that it might cut almost 4,000 jobs year as the business climate is not helping the growth outlook.
HSBC employees in Asia might not need to worry, however.
During his short tenure as CEO, the bank grappled with a declining stock price, a high-profile sexual harassment case at its investment bank and a failure to hit cost targets.
HSBC is reportedly implementing a cost-cutting scheme named "Project Oak" that may threaten 10,000 jobs, according to media outlets such as ST and FT. Shortly after his ouster, Quinn told senior managers he wanted "less process and more action".
Apple Launches Free Repair for iPhone 6s
The company was able to pinpoint the batch of iPhone 6 and 6s units to be made around October 2018 to August 2019. Wannabe iPhone 11 upgraders likewise need to shoulder as a primary concern the opposite finish of the scale.
HSBC has remained committed to its expansion in the region, even with the U.S. -China trade war and Hong Kong's protests swirling.
HSBC disclosed in September that it will move forward with plans to employ over 600 more staff to augment its business portfolio in Asia by the final quarter of 2022.
Anxious about its position as the biggest foreign bank in China, HSBC launched a public-relations offensive aimed at leaders in Beijing, Bloomberg reported last month.
-With assistance from Hannah Levitt.
Head coach Jamie Joseph proud of Japans performance
And they are behind us". "We were a bit frantic in the first half and we couldn't execute exactly what we wanted to do. Scotland have two games remaining and are on five points with Samoa and Russian Federation already out of contention.