CIMB to cut about 50 jobs across Asia to reduce costs: sources

Kuala Lumpur

CIMB Group Holdings Bhd, Malaysia's second-largest lender, plans to cut about 50 jobs in Asia to trim costs, people familiar with the matter said.

The reductions involve mostly equities-related positions in places including Hong Kong, Taiwan, India and South Korea, the people said, asking not to be named as the plan wasn't public.