|
Re: HSBC to cut 8000 jobs in the UK
It's only the start, with the rise of alternative funding sources such as peer-to-peer that are much more efficient the banks will have to significantly cut the difference between deposit and loan rates to survive. That means less staff, buildings and lower profits.
If that means an end to the obscene bonus culture that caused much of the banking chrisis I for one shall not shed a tear.
__________________
History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
|