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HSBC Singapore spared bank's global layoffs this year

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Singapore's fate is a stark contrast to the rest of HSBC's markets outside Asia, which face gloomier prospects.

Singapore

HSBC Singapore will not be affected this year by the bank's global redundancy plan that would impact 35,000 staff in the medium term, The Business Times understands, with minimal cuts in headcount expected here over the next few years.

A spokesperson from HSBC Singapore...

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