Dow Jones

NOV 4, 2009 12:00am ET

HSBC Announces New Round of Cuts

HSBC Holdings PLC said Tuesday that it is cutting 1,700 jobs in the U.K., mostly from its collections and credit card operations.

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Emailed

Facebook's securities filings show its Facebook Credits digital currency business is exploding. Does it pose a serious threat to banks?

Yes. Facebook Credits threatens to cut off banks from transactions and customer data.

12%

No. A system the enables users to pay for online games and page upgrades is a harmless niche.

32%

Maybe. It depends on whether Facebook makes an aggressive move into ecommerce.

56%

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