Monday, June 6, 2016

HSBC's Remaining Employees Are Surprisingly Optimistic

June 6, 2016
USA Today: HSBC execs depart as restructuring continues

The company's reorganization is part of Europe's largest bank's plan to cut nearly 20% of its jobs and shrink its investment bank by one-third to boost profits.

June 6, 2016
Bloomberg: The U.S. Stock Market Is Getting Closer to a 'Melt Up,' Says HSBC

While Wall Street's average yearend target for the S&P 500 is just 2 percent higher than where it closed last week, technical strategists at HSBC Holdings Plc say stocks are poised for a move higher.

If only we could cut 20% of the global workforce. Just think how optimistic we all could be!

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