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HSBC has started laying off 840 IT jobs in the UK, as part of its restructuring plan which will cut 8,000 jobs by the end of 2017.

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HSBC has been hit with a cyber attack, a DDoS that tried to flood its system and forced the highstreet bank to take its online and mobile services down in the UK.

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HSBC reported an 18% fall in its profit for the first quarter this year, as volatility in global markets weighed on its revenue performance in the fir.