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](https://krugmaninsights.com/wp-content/uploads/2023/12/1629195100HSBCLondonwebsite.webp)
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.