HSBC Bank Announces Layoff of 4,000 Employees Worldwide

Stevenson said that these layoffs would cost between This year, $ 650 million and $ 700 million have been allocated to HSBC and are focused on leadership positions.

At a time when the banking giant is facing a scenario of geopolitical uncertainties, HSBC also announced Monday that John Flint He decided to leave the CEO position without giving further explanations.

"In an increasingly complex and demanding global environment in which the bank operates, the board is of the view that a change is needed to meet the challenges we face and leverage opportunities we have, "said the president. of the group, Mark Tucker

According to a bank note, although Flint "He is abandoning his day-to-day responsibilities and remains available to help HSBC with the transition."

Noel Quinn, who heads HSBC's commercial banking division, will temporarily badume executive duties, according to the note.

These changes also occur just weeks after the chief of operations in the United States, Patrick Burke, s' is removed after completing the reorganization of the company in this region.

The London-based bank has identified possible turbulence in its future. In Asia – the region most exposed to the trade war between Washington and Beijing – the bank is preparing for a "less secure" panorama. The Brexit, in turn, also turned on the lights of attention.