HSBC to axe investment banking jobs: reports

Pedro Gonçalves
HSBC to axe investment banking jobs: reports

HSBC is set to lay off dozens of staff in its global banking and markets business as part of an annual performance review of its staff, Bloomberg and Reuters report. The UK-based global lender is cutting at least 50 jobs in its global banking and market unit and will begin informing staff of the decision by Friday. The affected employees will lose their jobs in the coming weeks, although some have already started to leave. A source told Reuters entire sales teams had been axed, with som...

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