The bank is also slashing U.S. operations to focus on Asia.
News & Analysis: HSBC Holdings
HSBC earnings call for the period ending March 31, 2020.
The banking giant is also halting repurchases of its ordinary shares.
HSBC earnings call for the period ending December 31, 2019.
Europe's Largest Bank Plans Massive Job Cuts, Will Shed $100 Billion in Assets in a Sweeping Overhaul
The bank intends to cut back in Europe and North America while investing in Asia and the Middle East.
Few industries were spared from layoffs in 2019.
HSBC earnings call for the period ending .
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