HSBC warns 14,000 more jobs at risk

Global banking giant HSBC has warned a further 14,000 jobs are at risk over the next three years.

The UK's largest banking group - which currently employs 254,000 staff worldwide - said the headcount at the bank could be reduced to as low as 240,000 by 2016. Answering questions after delivering a strategy update, chief executive Stuart Gulliver said the group intends to save an additional £2bn as part of a restructuring plan which has already resulted in 46,000 staff losing their jobs since 2011. He said as a result, the bank would employ between 240,000 and 250,000 staff worldwide by 2016. The news comes just weeks after the bank told 1,149 employees in the UK that they were b...