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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.

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.

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