HSBC, Britain’s biggest bank, has announced a plan to cut 8,000 jobs in the UK and are said to be considering relocating their head office from Canary Wharf.

Shah Qureshi, Partner and Head of Employment and Professional discipline at Bindmans LLP comments:

Once again it appears that ordinary workers in the banking sector are being made to suffer for the unregulated actions of a few highly paid executives. In light of the scandals in the banking sector better regulation had to be the way forward and yet it is being used by the banks as a ruse to cut jobs

Bindmans LLP is one of the UK’s leading firms acting for individuals with offices in Kings Cross and Canary Wharf.

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