HSBC puts 35,000 job cuts on hold

British multinational investment bank, HSBC announced on Tuesday that it has paused plans to cut 35,000 jobs, saying it does not want to leave staff unable to find work elsewhere during the coronavirus pandemic.

.5 million pounds.

It came as senior executives and board members at other major UK banks, including RBS and Lloyds, agreed to give up their bonuses for this year.

The announcements were in response to calls from the Bank of England to restrict bonuses during the pandemic.

( With inputs from IANS )