HSBC is planning to hire up to 15,000 people in fast-growing markets in Asia and Latin America over the next three years, even after confirmation that the bank would cull jobs elsewhere.
Stuart Gulliver, HSBC’s chief executive, revealed plans on Monday to cut up to 30,000 jobs by 2013, as the group reported stronger-than-expected first-half results.
The cuts, which analysts expect will come mostly in Europe and the US, come as Mr Gulliver aims to strip up to $3.5bn from the bank’s cost base by 2013.
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