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| Name | Symbol | Market | Type |
|---|---|---|---|
| HSBC Holdings PLC | NYSE:HSBC | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 44.51 | 0 | 01:00:00 |
From May 2019 to May 2024
By Margot Patrick
LONDON--HSBC Holdings PLC is cutting around 100 of its senior investment bankers, adding to cuts last year from a restructuring in HSBC's global banking business.
HSBC in a statement said the bank reviews performance across its global banking and markets business annually and makes "appropriate changes to strengthen and grow the business."
In June, several top bankers departed as part of a reorganization of its global banking division under new co-head Matthew Westerman.
HSBC doesn't disclose the number of employees in the GBM division, but has been cutting tens of thousands of jobs across its operations as part of a broader effort to improve returns. The bank reports fourth-quarter results on Feb. 21.
This week, Chief Executive Stuart Gulliver repeated an estimate he made last year that around 1,000 jobs within the GBM unit could move to Paris as part of the U.K.'s departure from the European Union.
-Write to Margot Patrick to margot.patrick@wsj.com
(END) Dow Jones Newswires
January 20, 2017 10:11 ET (15:11 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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