HSBC cuts 40 dealmakers in Hong Kong ahead of restructuring, a source says

Quick Summary:

HONG KONG/Sydney : HSBC has laid off around 40 investment bankers in Hong Kong as part of the bank's global restructuring, according to one source with direct knowledge of the matter.

The job cuts took place on Monday, two sources said, ahead of the bank releasing its full-year results on Wednesday.

FILE PHOTO: HSBC logo is seen in this illustration taken December 22, 2023.

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Article Details

Category: EconomyBusiness

Markets: SingaporeHong Kong

Topics: Photo: File Hsbc Bank Mediacorp Hong Seen Taken Logo Illustration Experience

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-18 @ 11:22:38 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 117 words

Reading Time: 1 minutes read

Sentences: 10 lines

Sentence Length: 12 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26241081

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