Deals
HSBC Cuts Its Japan and Australia M&A Teams
- About 10 positions were eliminated in the two countries
- Bank has said it plans to cut more than 4,000 positions
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HSBC Holdings Plc cut about 10 banking jobs in Japan and Australia, a person with knowledge of the matter said, eliminating the merger advisory teams based in those countries.
The London-based bank will instead serve clients out of Hong Kong, Singapore and Southeast Asia, the person said, asking not to be identified because the matter is private. The debt capital markets group and sector teams were largely unaffected, they said.