HSBC to Cut 30,000 Jobs Worldwide by End 2013 to Reduce Costs

HSBC to Cut 30,000 Jobs Worldwide by End 2013 to Reduce Costs: "HSBC Holdings Plc, Europe’s largest bank, said it plans to cut 30,000 jobs by the end of 2013, about 10 percent of the total, to stem costs driven higher by rising salaries. The shares jumped."