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HSBC to cut another 20 investment banking jobs in Asia, sources say

Published 17/04/2024, 08:24
© Reuters. FILE PHOTO: A logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong, China August 4, 2020. REUTERS/Tyrone Siu/File Photo
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HONG KONG (Reuters) - HSBC (LON:HSBA) 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.

© Reuters. FILE PHOTO: A logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong, China August 4, 2020. REUTERS/Tyrone Siu/File Photo

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.

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