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HSBC to cut another 20 investment banking jobs in Asia, sources say
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HSBC to cut another 20 investment banking jobs in Asia, sources say
Apr 17, 2024 12:37 AM

HONG KONG (Reuters) - HSBC ( HSBC ) is expected to cut an additional 20 investment banking jobs in Asia on a deals slump, takes the total cuts to around 30 this week, three sources with knowledge of the matter said.

The Asia-focused lender started the layoffs on Tuesday in the region, when it notified around a dozen bankers.

HSBC ( HSBC ) did not respond to Reuters query immediately.

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