HSBC has said it may cut an additional 14,000 jobs globally as part of a restructuring plan to reduce costs and increase profitability, BBC News reported.
The bank is aiming to save another $3bn in annual costs as tougher regulations eat into profits.
The layoffs would bring the firm's total headcount to between 240,000 and 250,000 over the next three years.
HSBC chief executive Stuart Gulliver has already overseen $4bn of cost cuts since he took office in 2011.He is aiming to streamline the bank's operations by focusing on high-growth markets in Asia. The firm has also sold or closed 52 businesses.
