Contact Us
Fairfield Daily Voice serves Fairfield & Southport

Menu

Fairfield Daily Voice serves Fairfield & Southport

Nearby Towns

business

Banking Giant HSBC, With Offices In Stamford, To Lay Off 50,000 In Overhaul

Photo Credit:

FAIRFIELD COUNTY, Conn. -- Banking giant HSBC, which has offices in Stamford, said it would eliminate 50,000 jobs in an effort to increase profitability, according to The Wall Street Journal.

In addition, the bank plans on moving all business out of Turkey and scaling back efforts in Brazil. Executives hope the reductions help cut annual costs by up to $5 billion by 2017, The Wall Street Journal reported.

Click here to read the full article .

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

Fairfield Daily Voice!

Serves Fairfield & Southport

This is a one time message inviting you to keep in touch

Get important news about your town as it happens.