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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.