HSBC will axe up to 25,000 jobs in $5bn cost-cutting drive This will result in the HSBC brand and logo disappearing from Britain’s high streets more than 20 years after the bank acquired Midland Bank.
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But executives were plotting a partial retreat. In 1993, the lender purchased Britain’s Midland Bank and moved its headquarters to London, apparently to satisfy a demand from British regulators. Some.
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