CLEAN : HSBC to cut global headcount by up to 50,000

The video discusses HSBC's challenges during the recession, focusing on its global presence and strategy to redeploy resources to more profitable regions like China and Asia. It highlights the bank's difficulties in entering markets such as Brazil and Turkey due to strong local competition. The video also covers HSBC's strong position in the UK and the potential regulatory benefits in Asia. Future decisions are expected to be influenced by Britain's relationship with Europe and the upcoming European referendum, with job losses indicating strategic shifts.

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