Sandie Seward
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HSBC staff face redundancy. Europe's biggest bank HSBC has said that 1,200 of its staff in the UK could face redundancy.
The bank said the individuals who are affected by job losses are being briefed on Wednesday and will be across HSBC's operations.
HSBC has not received any taxpayer support, but just approved a £12.5bn rights issue to improve its finances.
"There are difficult decisions that have to be made as we adapt to a new environment," HSBC said.
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