www.bbc.co.uk/news/business-22267920

They have been struggling...

news.sky.com/story/1059695/hsbc-sees-pre...-6-percent-to-13-7bn
They're also down to their last $2.6 trillion of assets:

Don't worry, though, if they're ever in any financial difficulties, they'll just steal your deposit money or get bailed out by taxpayers.

i-baster and mike would say this is all fine and dandy then and we should just accept it right?

andyh wrote:
I am guessing you would like my input on this topic? Or would you just like to pretend I have ever said such things? For the record I think it is bullshit when companies making profit sack workers to boost profits because profits are down. I also think it is bull shit when banks are bailed out. I have no clue why you would make up shit like that Andy unless you are part banker part worker.

i-baster wrote:
The bank made profits.
The reason why I would think you like it is given all the establishment bullshite you've been spouting over the forum lately you may as well be one of them

I know the bank made profits. I said profits were down. As in not as big profits as last year. I am not sure why you are trying to fight on a topic we appear to agree on. Just part of your poor sportsmanship I reckon.

i-baster wrote:
Sportsmanship?
You're the one who loves your govt that bails out their masters not me

andyh wrote:
Well I don't really think it's a bad thing from my perspective at all really, I mean really we got fucked over by the banks and it's taken a Social Democratic Europe to introduce progressive legislation/regulatory reform of the banking sector to try and win some back from the bonuses all these cunts give themselves for running losses, what exactly does a Wealth Management division do?
" The bank said the positions would mostly go from its wealth management division, but that it hoped to redeploy more than 2,000 of the affected staff."

Redeploy like they're some sort of cyborg army of number crunchers who's brain is half calculator and half empty gaping void obsessed with the accumulation of things

What is the significance of this story do you think WUB, is this anything to do with the recent European banking reforms?www.nytimes.com/2013/03/01/business/glob...?pagewanted=all&_r=0

Cameron will drag his feet on this, I wonder how his plan to remove UK from Europe by calling a referendum on it after the next election, it puts the heat on Ed to call a referendum aswell, depending on how much the media propagandise the negatives aspects of Liberal European regulations, the slow creep of "communism" etc

i-baster wrote:
I doubt these Wealth Management Division boys were on paltry salaries they'll probably not be affected by the Benefit cuts currently ongoing, the Tories here want a US healthcare system and Police force but as you know yourself even America has been trying to move away from that.

Even when I still lived in the U.K. the nhs was moving in the wrong direction. When Americans asked me about the U.K.'s healthcare system I always said it was far from perfect but better than America's system.

Mike wrote: Nothing whatsoever. It's not a significant story, it's nothing that hasn't happened dozens of times in the past, and will happen dozens of times again in the future. It just exemplifies and illustrates the real issue that most people face.

Who needs bank staff if you go digital