BloombergA survey of HSBC Holdings PLC’s 237,000 staff has highlighted falling morale as employees brace themselves for job cuts in a strategy review due later this month. “The increase in neutral sentiment suggests a ‘wait-and-see’ approach to HSBC’s strategy. More than 100,000 employees took part in the survey, including in businesses and countries that are expected to face cuts. In France, where HSBC is already trying to sell its retail bank, less than half the employees said they were confident about the bank’s future. “While we appreciate that this can be unsettling, we cannot and do not comment on media speculation,” the bank told staff.

Source: Taipei Times February 10, 2020 15:56 UTC