People walk by a branch of HSBC bank in the City of London, Tuesday, Nov. 3, 2009. HSBC Holdings PLC says it is cutting 1,700 positions from its British work force. The bank says the biggest cuts will come in its credit card and collections operation, which will be reduced from nine regional offices to two sites in Birmingham. Unite, the U.K.'s largest trade union, says it is appalled by the decision. It says that the new cutbacks bring the total number of job losses this year to 4,600. AP Photo logo AP Photo 3 weeks ago

People walk by a branch of HSBC bank in the City of London, Tuesday, Nov. 3, 2009. HSBC Holdings PLC says it is cutting 1,700 positions from its British work force. The bank says the biggest cuts will come in its credit card and collections operation, which will be reduced from nine regional offices to two sites in Birmingham. Unite, the U.K.'s largest trade union, says it is appalled by the decision. It says that the new cutbacks bring the total number of job losses this year to 4,600.

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  1. HSBC Holdings Group Chairman Stephen Green attends a news conference in Hong Kong September 25, 2009.
  2. HSBC Holdings Chief Executive Michael Geoghegan (L) and Group Chairman Stephen Green attend a news conference in Hong Kong September 25, 2009. HSBC Holdings is moving its chief executive to Hong Kong as Europe's biggest bank increasingly focuses on Asia.
  3. HSBC Holdings Chief Executive Michael Geoghegan attends a news conference in Hong Kong September 25, 2009. HSBC Holdings is moving its chief executive to Hong Kong as Europe's biggest bank increasingly focuses on Asia.
  4. HSBC Holdings Chief Executive Michael Geoghegan attends a news conference in Hong Kong September 25, 2009. HSBC Holdings is moving its chief executive to Hong Kong as Europe's biggest bank increasingly focuses on Asia.
  5. HSBC Holdings Chief Executive Michael Geoghegan poses for a photo before attending a directorate meeting in Hong Kong September 25, 2009. HSBC Holdings is moving its chief executive to Hong Kong as Europe's biggest bank increasingly focuses on Asia.
  6. HSBC Holdings Chief Executive Michael Geoghegan (L), Group Chairman Stephen Green and Executive Director and Asia-Pacific Chairman Vincent Cheng (R) attend a news conference in Hong Kong September 25, 2009. HSBC Holdings is moving its chief executive to Hong Kong as Europe's biggest bank increasingly focuses on Asia.
  7. HSBC Holdings Chief Executive Michael Geoghegan attends a news conference in Hong Kong September 25, 2009. HSBC Holdings is moving its chief executive to Hong Kong as Europe's biggest bank increasingly focuses on Asia.
  8. Chairman, HSBC Holdings PLC Stephen K Green addresses a CEO Summit on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Singapore on November 13, 2009. Asia-Pacific ministers representing 2.6 billion people pledged to pursue a vast free-trade zone but faced more pressing tensions over the US and Chinese currencies at annual talks. Ahead of a weekend summit to be joined by US President Barack Obama, the 21-member Asia-Pacific Economic Cooperation (APEC) forum said it would work towards a trade zone stretching from Chile to China via the United States.
  9. Chairman, HSBC Holdings PLC Stephen K Green addresses a CEO Summit on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Singapore on November 13, 2009. Asia-Pacific ministers representing 2.6 billion people pledged to pursue a vast free-trade zone but faced more pressing tensions over the US and Chinese currencies at annual talks. Ahead of a weekend summit to be joined by US President Barack Obama, the 21-member Asia-Pacific Economic Cooperation (APEC) forum said it would work towards a trade zone stretching from Chile to China via the United States.
  10. Chairman, HSBC Holdings PLC Stephen K Green addresses a CEO Summit on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Singapore on November 13, 2009. Asia-Pacific ministers representing 2.6 billion people pledged to pursue a vast free-trade zone but faced more pressing tensions over the US and Chinese currencies at annual talks. Ahead of a weekend summit to be joined by US President Barack Obama, the 21-member Asia-Pacific Economic Cooperation (APEC) forum said it would work towards a trade zone stretching from Chile to China via the United States.
  11. Chairman, HSBC Holdings PLC Stephen K Green addresses a CEO Summit on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Singapore on November 13, 2009. Asia-Pacific ministers representing 2.6 billion people pledged to pursue a vast free-trade zone but faced more pressing tensions over the US and Chinese currencies at annual talks. Ahead of a weekend summit to be joined by US President Barack Obama, the 21-member Asia-Pacific Economic Cooperation (APEC) forum said it would work towards a trade zone stretching from Chile to China via the United States.
  12. Chairman of HSBC Holdings Stephen Green addresses the APEC CEO Summit in Singapore, Friday, Nov.13, 2009.
  13. A woman walks past an advert for the British banking group HSBC in London, Tuesday, Nov. 10, 2009 . HSBC Holdings PLC says pretax profit for the third quarter was "significantly ahead" of the same quarter last year even as economic conditions remain challenging. In a trading update Tuesday, HSBC said profitability for the first nine months of 2009 was stronger than it had forecast at the start of the year. It adds that its global banking and markets division is having a "record year" and that commercial banking was "solidly profitable in all regions" over the first nine months.
  14. A woman walks past an advert for the British banking group HSBC in London, Tuesday, Nov. 10, 2009 . HSBC Holdings PLC says pretax profit for the third quarter was "significantly ahead" of the same quarter last year even as economic conditions remain challenging. In a trading update Tuesday, HSBC said profitability for the first nine months of 2009 was stronger than it had forecast at the start of the year. It adds that its global banking and markets division is having a "record year" and that commercial banking was "solidly profitable in all regions" over the first nine months.
  15. People walk by a branch of HSBC bank in the City of London, Tuesday, Nov. 3, 2009. HSBC Holdings PLC says it is cutting 1,700 positions from its British work force. The bank says the biggest cuts will come in its credit card and collections operation, which will be reduced from nine regional offices to two sites in Birmingham. Unite, the U.K.'s largest trade union, says it is appalled by the decision. It says that the new cutbacks bring the total number of job losses this year to 4,600.
  16. A man walks by a branch of HSBC bank in the City of London, Tuesday, Nov. 3, 2009. HSBC Holdings PLC says it is cutting 1,700 positions from its British work force. The bank says the biggest cuts will come in its credit card and collections operation, which will be reduced from nine regional offices to two sites in Birmingham. Unite, the U.K.'s largest trade union, says it is appalled by the decision. It says that the new cutbacks bring the total number of job losses this year to 4,600.

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