Foreclosure Defense Florida

HSBC POSTS OBSCENE PROFITS, LAYS OFF 30,000 EMPLOYEES- where is the OUTRAGE?

HSBC-jobs-lostShares in HSBC rose over 4 percent after it unveiled first-half pretax profits of $11.5 billion, up from $11.1 billion a year ago and better than the $10.8 billion average in a Reuters poll of analysts.

The bank also said it had cut 5,000 jobs following restructuring of operations in Latin America, the United States, Britain, France and the Middle East and that it would cut another 25,000 between now and 2013.

“There will be further job cuts,” Chief Executive Stuart Gulliver told reporters on a conference call. “There will be something like 25,000 roles eliminated between now and the end of 2013.”

REUTERS

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