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

Reuters
02-18
HSBC cuts 40 dealmakers in Hong Kong ahead of restructuring, a source says

HONG KONG/Sydney, Feb 18 (Reuters) - HSBC HSBA.L, 0005.HK 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.

HSBC declined to comment.

(Reporting by Selena Li in Hong Kong and Scott Murdoch in Sydney; Editing by Kim Coghill)

((Selena.Li@thomsonreuters.com; +852 39525868;))

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