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HSBC HOLDINGS Reportedly Sacks I-Bankers on 'Bonus Day'; Some Sacked Senior Staff to Receive No Bonuses
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HSBC HOLDINGS (00005.HK) sacked employees at the investment banking on "bonus day", the Financial Times, citing sources, reported. HSBC informed UK investment banking staff last month that they would be laid off, and employees at the vice president level or above affected by the investment banking division's restructuring will not receive any bonuses, sources divulged. In January, HSBC stated it would close its merger and acquisition advisory and equity capital markets businesses outside Asia and the Middle East. Earlier this week, the bank was reportedly weighing outsourcing some of its fixed income trading order flow to a third party. AAStocks Financial News |
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