People

HSBC to freeze global pay and hiring in 2016

HSBC has said it plans to impose a global freeze on hiring and salaries this year in a bid to cut costs.

Monday 1 February 2016 at 16:54

HSBC has said it plans to impose a global freeze on hiring and salaries this year in a bid to cut costs.

Europe's biggest bank by assets announced a major overhaul of its sprawling operations in June 2015 to improve profitability.