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Footage shows the UK HSBC headquarters in Canary Wharf, London on Tuesday after HSBC Holdings announced major changes in the company, including a new market policy and the relocation of the British headquarters from London to Hong Kong. The HSBC Management sent the statement to the Hong Kong Stock Exchange, Tuesday, declaring the decision to reduce its key assets to $290 billion (€260 billion). Due to the changes, HSBC expect to cut 50,000 jobs globally -around half of them due to the selling of businesses in Brazil and Turkey. The UK is expected to see the loss of around 8,000 jobs. In 2014 HSBC was reported to be the world's third largest bank by assets ($2.6 trillion (€2.3 trillion) total assets), after the Industrial & Commercial Bank of China (ICBC) and China Construction Bank Corporation.


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