HSBC plans to Impose a Global Freeze on Pay and Hiring in 2016,

An email was sent to staff on Friday outlining the measures as part of the bank's cost-cutting drive.

A source confirmed the email's contents to the BBC after it was first reported by Reuters.

"As flagged in our investor update we have targeted significant cost reductions by the end of 2017," they said.

 

In June, London-based HSBC outlined to investors that it would slash $5bn (£3.5bn) in costs by 2017.

MTA sees spike in reports of sexual abuse on subways

City straphangers are grabbing onto more than just poles.

With victims encouraged by police and transit officials to come forward, sex abuse complaints in the city’s transit system skyrocketed in 2015 as cops saw a rise in reports about creeps groping, molesting and grinding up against vulnerable women riders in packed subway cars, the Daily News has learned.

 

The city ended 2015 with a nearly 33% increase in sex abuse cases on the rails — from 98 in 2014 to 130, according to documents obtained by the Daily News.

There was also a 25% jump in forcible touching cases — from 272 in 2014 to 340 — and a 9.3% increase in public lewdness cases, where men are found pleasuring themselves on the train.

Star Madonna wants military school for Rocco

Madonna’s one meddling mama, attempting to control her teenage son Rocco’s diet, friends and curfew. And it might be off to military school, if her 15-year-old son comes home to New York.

Madonna

A source across the pond, who has worked with Madge’s ex-husband (and Rocco’s dad) Guy Ritchie, tells Confidenti@l that Rocco is begging to live with his dad in London because life is “easier,” and he’s able to “have a girlfriend” when he’s there. Rocco was also being threatened with a “military type” boarding school by his “Material Girl” mom, our insider dishes, in hopes that it would straighten him out.

“He’s not being dragged around like a dancing puppet (in London),” says our source. “He can meet his friends, eat fast food, he doesn’t have an early curfew. The story is his father manipulated him, which couldn’t be farther from the truth. Rocco has a life and friends (in London) and he can have girlfriends and be in one place.”

Madonna, who keeps a strict macrobiotic diet and barely sips alcohol, had been traveling on her “Rebel Heart Tour” for two months, with Rocco helping behind the scenes. The grueling schedule and travel made it impossible for the teen to maintain a relationship with a girl he liked in New York. Our source says Madonna is threatening him with boot camp as a last-ditch effort to get Rocco in line.