HSBC Cuts Senior Banking Roles in Major Restructuring

HSBC has spent $68 million on a significant reduction of senior bankers, marking the largest cull of highly paid staff by Europe's largest lenders since 2020.

21 Aug, 04:00 — 21 Aug, 04:00

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FTVery High12h ago

HSBC spends $68mn on biggest cull of senior bankers since financial crisis

Reduction came as Europe’s largest lenders shed biggest number of highly paid bankers since 2020

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HSBC Cuts Senior Banking Roles in Major Restructuring

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HSBC spends $68mn on biggest cull of senior bankers since financial crisis

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