Exclusive: investment bankers latest target of HSBC layoffs

HSBC quietly laid off some of its investment bankers in Hong Kong on Monday, as Europe’s biggest lender by assets continued to trim its non-traditional banking business, thanks to disappointing markets this year.

People familiar with the matter told the South China Morning Post that the London-headquartered bank has targeted a handful of middle-ranking executives in areas that the bank no longer considers a business focus.

via Business feed http://www.scmp.com/business/banking-finance/article/1056442/exclusive-investment-bankers-latest-target-hsbc-layoffs