Follow FN on WhatsApp for the latest news
HSBC is set to book $1.8bn in severance costs over the next two years as the UK lender embarks on a sweeping overhaul that will slash jobs under new chief executive Georges Elhedery.
Investment Banking
HSBC’s overhaul to cost $1.8bn as investment bank jobs in firing line
The UK lender is cutting employee costs by 8% by stripping out duplicate roles. Its new corporate and institutional division is likely to be a key target
Follow FN on WhatsApp for the latest news
HSBC is set to book $1.8bn in severance costs over the next two years as the UK lender embarks on a sweeping overhaul that will slash jobs under new chief executive Georges Elhedery.