HSBC warns it will axe up to 30,000 jobs by 2013

HSBC will slash up to 30,000 jobs worldwide over the next two years as part of a major cost-cutting drive, the global banking giant said on Monday, as it posted bumper profits.

"There will be further job cuts," HSBC chief executive Stuart Gulliver told journalists on a conference call after the group published its interim results.

"Another 25,000 roles will be eliminated in addition to the 5,000 already announced," he added.

The cuts total about 10 percent of HSBC's current global workforce.

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