HSBC cutting 'dozens' of senior jobs in investment bank: sources

London

HSBC has begun cutting senior posts in its investment banking division in a cull that could lead to dozens of staff worldwide losing their jobs, according to sources with direct knowledge of the cuts.

HSBC began informing staff in its global banking and markets division in London last week, one of the sources said, with a further round of cuts this week expected to affect around 10 senior people in the unit.