Bloomberg HSBC Holdings Plc may eliminate as many as 10,000 jobs as part of a cost-cutting drive, according to a Financial Times report that signalled Europe may bear the brunt of the initiative. The plan would result in a substantial reduction in HSBC’s workforce of about 238,000, the FT said, citing two people briefed on the matter. The bank, one …

Bloomberg Euro-area stocks would stand to gain more from a Brexit deal by the end of this month than UK shares, JPMorgan Cazenove strategists said. While such a scenario would be bullish for domestic British companies, a strengthening of the pound would take away much of the upside for UK equities, strategists led by Mislav Matejka wrote in a note. …

Bloomberg A growing number of German banks are passing on negative interest rates to their retail customers as the costs become too high to bear on their own. Berliner Volksbank, the country’s second-largest cooperative lender, started to apply a minus 0.5% rate on deposits exceeding 100,000 euros ($110,000) in its first charge for retail clients. The move may encourage other …