HSBC to cut another 20 investment banking jobs in Asia, sources say
3:24 am Wednesday, April 17th, 2024
HONG KONG (Reuters) – HSBC is expected to cut an additional 20 investment banking jobs in Asia on a deals slump, takes the total cuts to around 30 this week, three sources with knowledge of the matter said.
The Asia-focused lender started the layoffs on Tuesday in the region, when it notified around a dozen bankers.
HSBC did not respond to Reuters query immediately.
(Reporting by Selena Li, Julie Zhu and Kane Wu in Hong Kong, Scott Murdoch in Sydney; Editing by Himani Sarkar)
