05:59 AM EDT, 04/16/2024 (MT Newswires) -- HSBC Holdings ( HSBC ) on Tuesday cut around a dozen roles at its Asia investment bank as it experiences a slump in deals across the region, Bloomberg News reported, citing unnamed people familiar with the matter.

The size of the bank's workforce is expected to fluctuate in any given year, a Hong Kong-based spokesperson reportedly said, adding that the investment banking business delivered strong results during "a very challenging few years."

HSBC ( HSBC ) did not immediately respond to MT Newswires' request for comment.

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