Comment: Hong Kong Shanghai Bank, HSBC Cutting 14 K Jobs!

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Hong Kong Shanghai Bank, HSBC Cutting 14 K Jobs!

HSBC, London headquarter announces plans cut expenses of $3 billion (1 billion English Pounds) by by 2016...

Gulliver, former head of HSBC's investment bank, already cut 46,000 jobs and sold or closed 52 businesses, including a minority stake in Chinese insurer Ping An and its U.S. credit cards.
Note: Goodwill account showed $25 billion year end 2012. Stark contrast to HSBC "Gross Property, Plant & Equipment" account of only $21 billion.
The Daily Show Comic Airing of Dirty HSBC Laundry 4 minute comedy newsreel.

Jon Stewart, Comedy Central Skewers HSBC For Dealings With Iran And 9/11 Perpetrators. Jan. 10, 2013, 9:18 AM

Perhaps soon "Too-Big-To-Fail" club will loss yet another member.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul