HSBC to axe 35,000 jobs in radical overhaul of bank

HSBC is to cut 35,000 jobs over the next three years, as part of a major downsizing of the bank's operations. It comes after the lender's profits slumped by a third in 2019, to $13.3 billion. Also today, Apple warns that the supply of iPhones and its earnings will be hit by the coronavirus outbreak.

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