HSBC is considering the possibility of a "total or partial" sale of its retail banking business, which represents 3,000 jobs.
Rumor of restructuring at Société Générale and sale of the branch network at HSBC, the banking sector is in crisis.
This Wednesday at Société Générale, rumors were about the imminent announcement of a vast reorganization of the agency network.
Contacted by Europe 1, the bank denied the abolition of 20% of staff at headquarters, since this is the figure that circulated, while not denying the difficulties of retail banking.
By the way, all the banks are closing agencies.
At HSBC, we go even further. Management recognizes seeking a buyer for its entire network of private agencies in France, or 250 agencies that employ more than 3,000 employees in France.
Why is the banking sector so bad?
Like many, he is jostled by the Internet.
For example, Boursorama now has over two million customers, according to Aujourd'hui en France. A figure that has tripled in four years.
These Internet banks are cheaper and are considered very efficient. According to Deloitte's barometer, Internet banks show a 94% customer satisfaction rate compared to 83% for traditional banks.
The other reason for these difficulties is the negative rates. The bank is working our money except that with 0% rates, the money is no longer yielding anything. It even costs, since now we are in negative rates.
Should we fear extensive job cuts in banks?
This is happening abroad.
In Belgium, for example, BNP closes almost half of its branches (40%).
In Germany, Deutschbank cuts 18,000 jobs.
For now, in France, banks that employ more than 300,000 act at homeopathic dose.
After mass distribution, the press, music and hotels, we have a new sector big job provider that is being seriously shaken by the Internet.