HSBC, investment banking
HSBC Prepares New Round of Investment Bank Job Cuts
Today could be the last day at HSBC for some investment bankers at Europe’s largest lender. Chief Executive Officer Georges Elhedery is wielding the knife again, starting his latest round of headcount cuts in Asia, according to people familiar with the matter. Layoffs are expected to begin next week and could last up to several months.
HSBC is preparing to report $1.5 billion of annual cost savings from the changes implemented under its broad restructuring ...
More importantly, the decision unveiled on Tuesday marked a decision to prioritise Asian corporate clients over companies in the West. Insiders were stunned at the timing of HSBC's biggest ...
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