HSBC begins axing investment banking jobs in London
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HSBC Holdings PLC is cutting hundreds of investment banking jobs in London and other European financial centers as part of CEO Georges Elhedery's streamlining plans.
February 26, 2025 | 9:30 am
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HSBC is reducing its workforce in investment banking in London and Europe, which is part of a broader strategy to streamline operations under CEO Georges Elhedery.
The job cuts are part of a strategic move to streamline operations, which could lead to cost savings. However, the immediate impact on stock price is uncertain as it depends on market perception of the restructuring's effectiveness.
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