HSBC, one of the largest banking and financial services organisations in the world, says it's axing around 35,000 jobs as it announced profits for 2019 fell by about a third.
The bank will now target $4.5bn of cost cuts by 2022 as part of a major restructuring.
With more, here's our UK correspondent Benji Hyer in London, where HSBC is headquartered.
IN: HSBC's interim chief executive
OUT: SOC
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