05:41 AM EDT, 05/27/2025 (MT Newswires) -- HSBC ( HSBC ) has cut more than two dozen analyst jobs in recent days as part of a restructuring of its investment banking businesses, Bloomberg News reported, citing people familiar with the matter.

Most of the job reductions were in Europe, with Steven Major, the lender's Dubai-based global head of fixed income research, also those among impacted, the unnamed sources told the news outlet.

HSBC ( HSBC ) is combining macro strategy across asset classes, including foreign exchange and fixed income, as part of the changes, Bloomberg reported, citing one of the sources.

The company did not immediately reply to MT Newswires' request for comment.

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