VOICED : HSBC seguira atendiendo a clientes

VOICED : HSBC seguira atendiendo a clientes

Assessment

Interactive Video

Business, Social Studies, History

9th - 10th Grade

Hard

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Quizizz Content

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HSBC's Brazilian branch announced it will maintain its presence while undergoing a sale process. The bank plans to cut 50,000 jobs as part of a restructuring that includes selling operations in Brazil and Turkey. Despite the sale, HSBC will continue serving its clients. The sale has raised concerns among Brazilians about the bank's future ownership. HSBC employs over 200,000 people and operates 850 branches in Brazil. The restructuring aims to reduce costs by $4.5 to $5 billion annually by 2017. HSBC's profits fell by 15% in 2014 due to large fines for irregularities.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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