http://www.marketwatch.com/story/hsbc-to-cut-100-senior-investment-banking-jobs-2017-01-20
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.
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