HSBC trims UK investment bankers as layoffs pick up pace – Financial News

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HSBC has trimmed front-line staff from its investment bank in the UK, as a dealmaking slump this year is set to prompt a fresh round of layoffs across the sector.
The UK lender, which is in the midst of an ongoing cost-cutting exercise unveiled in February 2020, has axed a handful of roles within its global banking unit in London in recent weeks, according to people familiar with the matter.
The…
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