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HSBC cuts 8000 jobs in the UK in savings drive

June 9th, 2015

Episode 385 of 1091 episodes

HSBC Shake-up to Cost up to 25,000 Jobs Operations in Turkey and Brazil to go as part of $5bn cost cuts. Former RBS boss George Mathewson is credited with turning around that bank's fortunes. We ask him whether HSBC's turnaround plans will work, and consider HSBC's position in the wider banking sector with Roger Bootle from Capital Economics. We have a report from advertising giant WPP's annual general meeting, where people have been asking whether its boss Sir Martin Sorrell is really worth $66m per year. Also in the programme, new restrictions on drinking in public have been introduced in the Spanish seaside resort of Magaluf, after widespread antisocial behaviour. We ask a bar owner for her take. Plus the latest research suggests that a prescription of classical music might work as effectively as pills to lower blood pressure. We find out more from Dr Mike Knapton, Medical Director at the British Heart Foundation.

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