HSBC posts $11.5 billion profit, announces 30,000 job cuts

24 comments on “HSBC posts $11.5 billion profit, announces 30,000 job cuts
  1. Sleep Well Silver says:

    HSBC posts $11.500,000,000.00 billion in theft hiring 30,000 to help steal more.

  2. Sleep Well Silver says:

    By firing 30,000 they really mean hiring the lost wages at say $500.00 a week times 30,000 equals $15,000,000.00 a week for them and $12,000,000.00 more for US taxe payers for unemployment benifits.

  3. sam says:

    why not? it’s consolidating the people who we should hate on into one manageable bunch of people.

  4. Bruce says:

    HSBC = Happy Saving Buckets o’ Cash?

  5. Kwai Chang says:

    …and the gap keeps getting wider…
    (no surprise here)

  6. Angelo says:

    30,000 more poor defenseless and pliable citizens.

    I was discussing the case of Cyprus when I discovered how many actually worked in the ‘financial industry’. It seems that it takes 2 or more out of 10 in our society to be bankers insurers stockbrokers etc. There is clearly something wrong with this picture.

    I expect that out of a family of 10 mum and dad might take a couple of hours to consider and check the finances but 2 of 10 working full time? Seems wasteful.

    It is sad for the people losing their jobs. I wonder what would be more useful for them to do as opposed to what will actually eventually become of them.

    Role on zeitgeist movement?

  7. Mini US says:

    Risk On, Risk Off, Risk On, Risk Off, etc.

    Hahahhaha
    Go Hedgies, Go.

  8. Mini US says:

    How do you expect a company to make money when they employ people?
    Ask Schiffy, he’ll tell ya.

    Thats why Robots are so sought after :(

  9. SilverCondom says:

    Hey! The markets are not even having a dead cat bounce! they are going down in europe and wallstreet is barely up!

  10. JailBanksters says:

    It’s all going down exactly like Gerald Celente predicted.
    More wealth/profit spread across less people.
    Unless Celente has called really wrong, it’s going to get pretty nasty in 12-18 months with armed Riots leading to a Revolution. It’s almost scary how accurate he’s been so far.

    Goldman Sachs has already had to Lay-Off some Politicians, and BP had to let go some EPA Inspectors.

    And the Party has even started yet…..

  11. Sleep Well Silver says:

    Angelo

    Good point the next time you drive around a big city look at the signs on the the high rise buildings and you will see the power brokers of the world that produce nothing but take their rake of cash from producers of the world we the people.

    The logos of theft Banks, Attorneys,Insurance and Mortgage Brokers.

  12. YoLithos says:

    Profit without people.
    Isn’t the 21st Century admirable? (caveat : contains sarcasm)

  13. SilverCondom says:

    BREAKING NEWS:

    Wallstreet down!

    Wallstreet down!

    These markets will never recover!

    Just buy PMs guys! that’s what i do!

  14. Jean Desjardins says:

    Make more profits. Throw more people in the streets.

    This was a message from your friendly international banking mafia.

  15. Marc Authier says:

    It’s the story of the serpent eating its tail until it dissapear. It says one thing. HSBC ‘profits’ are as phoney as Obomba’s debt ceiling ‘solution’. It’s quite clear that the profits are of the quality of Bank of America’s balance sheet excrement. Bankster pooh.

  16. Bob says:

    Just raise prices for the same volume like health insurance does every year. Magic cook book profits in the short term, bankrupt planet in the long term.

  17. Kwai Chang says:

    the return on AAA comments here today is way up…
    (naked shorts… Stacy-in-a-silver-bikini…nevermind)

  18. kdt says:

    @angelo you have hit the crux of the problem witch is that the governments ability to create “curency”draws talent out of the private secetor in to nonproductive jobs in government and the defence industry .
    the efect of the defence ind . is bad on two levels becaus any spinoff tec. gets classsifided till it loses its strtaegic advantage only then dose it maby enter the main economy.
    so better bombs =crapy tec. in the private sector=we did not even try to win the consumer electronics war we gave up on the car war and now they have it all so screwed up that government cant even suport its self

  19. PJB says:

    HSBC = Helping Stealthy Banksters Cash-in

  20. Canuckistan says:

    Boycott large multi-national banks and corporations: don’t work for them, don’t do business with them, don’t have accounts with them.

    Instead, support your local credit union/savings and loan.

  21. indeed says:

    I had a banker who wanted to buy a squash from me the other day. I had him sign his name to a robolegal papers to get his debt. Little does he know that I will have the law on his tail until the end of time. I don’t really want to repossess the squash, but I’m sure it’s passed from him by now.

  22. mbridges says:

    I apologize for being off-topic, but the following article from Rense is revealing:

    http://www.rense.com/general94/natobutcher.htm

  23. bproman says:

    My robot butler has placed those who’ve made this decision into a new database for future reference.

  24. farang says:

    HSBC used to send around the clown trying to get me hooked on loans for my business.

    Then they suddenly abandoned the island I lived on then, stated it was “to concentrate on US East coast market”: derivatives.

    A Samasam might see in this news that HSBC is soon due for an abrupt collapse….good workers lost….business is bad, very bad…and it is only starting….but fret not Wall Street: America “feels your pain”…and you’ll be feeling ours, sooner than you know. See how it feels to get booted yourself…right where the sun don’t shine…

Access The Max Keiser Podcast
Weekly Downloads, live Q & A Session and exclusive video posts from Max and Stacy

Subscribe Learn More
Buy Gold Online
Buy Gold Online
Watch the latest Keiser Reports:


Watch our Google Hangouts: