HSBC announced that it plans to close 117 branches in 2017 and will cut 380 roles in Britain to try to reduce costs. The bank said about 180 jobs will be eliminated in the final round of branch network cuts, marking the end of its restructuring programme in Britain. Separately, the bank said it would cut a further 200 jobs in information technology which are being transferred to India, China, and Poland, where people can perform the same role on lower salaries.