HSBC says Singapore recruitment plan still on track
Bank said to be looking at lopping off another 10,000 staff globally following an earlier exercise
Singapore
SINGAPORE is unlikely to be hit hard by HSBC's latest layoffs that threaten up to 10,000 workers - or 4 per cent of its 238,000 global headcount - as the Republic is considered among the markets it's counting on for growth.
Plans to add more than 400 retail and private banking front-end staff in Singapore by 2023 are also still on track, HSBC told The Business Times.
The upcom…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
BOJ will hike rates if trend inflation accelerates, says Ueda
Citi picks Amit Dhawan to head Singapore commercial bank operations
China finance ministry echoes Xi’s call for bond trading at PBOC
Thai PM asks banks to lower interest rates to help economy
From airport lounge access to dining deals: How banks can attract customers with travel perks
Japan to work with counterparts on excessive FX moves, says finance minister