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
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