Unites View on HSBC Job Cuts

"We are now seeing the human cost of the credit crunch. We need action to end this crisis. This situation should never happen again and that's why the financial services need to be regulated more effectively. We welcome Gordon Brown's efforts to secure an international regulatory regime. This is a global crisis and it requires an international solution." Derek Simpson on the 500 jobs cut at HSBC's Investment Banking division.http://www.blogger.com/post-create.g?blogID=1300286647260194939#