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updated: 8/1/2011 10:35 AM

Report: HSBC plans to announce 30,000 job cuts

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HSBC Holdings Plc, Europe's largest bank, 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.

HSBC has offices in Mettawa.