HSBC scales back Islamic business in global review
 

04-10-12 07:46 PM

DUBAI (Reuters) - HSBC Holdings Plc is to significantly scale back the scope of its global Islamic banking operations, as the business becomes the latest area to be affected by a wider restructuring at the UK-based bank. HSBC is cutting thousands of jobs and exiting non-core businesses as part of Chief Executive Stuart Gulliver's plans to cut costs and improve profitability. The bank has already ...

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