Morning Scan: HSBC to Cut Up to 50,000 Jobs, Refocus U.S. Unit; HELO...

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The World's Local Bank, but Smaller: HSBC announced a plan to cut 25,000 to 50,000 jobs worldwide, in an effort to save about $5 billion yearly. How many of those job cuts will hit its U.S. operations wasn't reported. But the Wall Street Journal said HSBC plans to have its U.S. bank focus on international operations and less on domestic operations. "We will obviously need to turn the U.S. business around," CEO...