HSBC France cuts jobs - what effect on local branches?

HSBC France has announced hundreds of job cuts in Paris – but it has clarified to The Connexion that the impact is only on its investment banking side, not retail banking for the public and businesses.

However it comes as plans to sell off completely its 230 retail banking branches – those used by around 800,000 members of the general public – are under way, with several potential buyers said to be interested. 

A total of 255 job cuts are expected in the Paris area, out of 678 in the ‘finance, investment and markets’ banking section, with the process likely to be completed by the end of ...

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