Banking Woes in Europe

As profits dwindle, HSBC plans a radical overhaul

https://www.economist.com/finance-and-economics/2019/10/28/as-profits-dwindle-hsbc-plans-a-radical-overhaul

European banks need to slash costs to improve profitability. Accelerating job cuts is a good way to do it.

https://www.bloomberg.com/opinion/articles/2019-10-08/hsbc-signals-bank-job-cuts-to-come-european-rivals-will-follow

5 Years into Negative Rates, Europe’s Banks Feel the Pain

https://www.barrons.com/articles/5-years-into-negative-rates-europes-banks-feel-the-pain-51570831182