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HSBC Exclusive: Inside the New Asia Job Cutting Plan

HSBC, one of the largest banks in the world, has reportedly made job cuts in its Hong Kong office as deal activity in the region has slowed down.

It is said that at least four bankers have left HSBC as a result of this decline in deals. PHOTO: Getty Images
It is said that at least four bankers have left HSBC as a result of this decline in deals. PHOTO: Getty Images

The staff reductions have taken place within HSBC’s commercial banking origination unit for Greater China.

This unit is responsible for driving investment-banking opportunities for mid-cap clients.

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