Today HSBC announced 25,000 job losses worldwide, with 8,000 in the UK. The BBC Radio 4 Today programme covered this with an effective eulogy for HSBC. No mention of the effect of the job losses or concern for staff. Last week the bank paid £28m in Switzerland in lieu of prosecution for money laundering – the BBC didn’t report it. The Chair of the BBC Trust, Rona Fairhead is an HSBC director.