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HSBC axes up to 8,000 UK jobs

HSBC has confirmed that it is axing between 7,000 and 8,000 UK jobs - one in six of its staff in Britain.

Up to 25,000 roles are expected to be shed globally, as part of a major cost-cutting and restructuring strategy.

The group also said it will "trim" branches in Britain and rebrand its UK retail banking business, as it prepares to moves its UK head office from London to Birmingham.

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HSBC confirms between 7,000 and 8,000 UK job losses

Up to 8,000 UK jobs will be axed by HSBC Credit: PA

HSBC chief executive has confirmed that there will be between 7,000 and 8,000 job losses across the UK.

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