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HSBC’s red and white hexagonal logo is to disappear from UK high streets as the bank embarks on a restructuring that will involve up to 25,000 jobs cuts around the world – including as many as 8,000 in the UK – and hundreds of branch closures.
Stuart Gulliver, chief executive of Britain’s biggest bank, said customers and staff would be consulted on a new name for the 1,000-strong branch network in the UK. But he said it was too soon to say whether HSBC would retain ownership of the UK operations.
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