Ten Things You Need to Know Today: Tuesday 9 Jun 2015

1. HSBC TO CUT 8,000 JOBS IN THE UK

HSBC has announced it will cut 8,000 jobs in the UK in a drive to simplify its business and cut costs. The bank, which employs 48,000 in Britain, is to axe positions in both its retail and investment divisions. A total of 25,000 people worldwide will lose their jobs at the bank, 10% of its 266,000-strong workforce.

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