HSBC has told its staff that it there will no pay rises and no new employees hired this year.
It is part of plans to make annual cost savings of up to $5 billion (4.6 billion euros) by 2017.
The bank - which is Europe's largest - said last June that it was going to cut its workforce by almost 20 percent and shrink its investment bank by a third to boost profits.
The pay and hiring freeze comes just days after HSBC's board met to consider whether to move its head office from London to Hong K…
READ MORE : [ Ссылка ]
euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more
Subscribe for daily dose of business news: [ Ссылка ]
Made by euronews, the most watched news channel in Europe.
