HSBC Holdings Plc is undergoing a significant restructuring of its investment banking operations, leading to the dismissal of over two dozen analysts, primarily in Europe. This revamp includes combining macro strategy across asset classes and leadership changes within research divisions. CEO Georges Elhedery's streamlining efforts aim to increase efficiency, with expected charges of $1.8 billion over the next two years. HSBC ’s impending restructuring, which includes potential job cuts and bonus payouts, sends a clear signal to investors about the bank’s strategic direction. The decision to axe investment bankers while rewarding others with bonuses is a bold move by new CEO Georges Elhedery, aimed at streamlining operations and enhancing profitability. Washington: Hong Kong and Shanghai Banking Corporation ( HSBC ) is likely to start its procedure of job cuts across the globe in the days to come. In an interview with Bloomberg, Michael Roberts ... HSBC cuts dozens of analyst jobs in investment banking overhaul As part of the changes, the London-based bank is combining macro strategy across asset classes including foreign exchange and fixed ...
