HSBC Slashes 1,100 Jobs; Others May Follow

" Despite persistent talk over recent months that HSBC might acquire any one of a number of troubled investment banks, or even Morgan Stanley, the British lender signaled on Friday that it had no further designs on the U.S. and U.K. markets by confirming its plan to slash 1,100 jobs in its global banking and markets operation division, mainly in the two biggest financial centers, New York and London. "