HSBC Layoffs: Global Banking Giant Cuts Investment Bankers and Skips Bonus Payments to Save Costs

One of the biggest banks in the world, HSBC, has started a massive round of layoffs in its investment banking section as part of a global restructuring initiative meant to lower yearly expenses. Under the direction of CEO Georges Elhedery, who is leading initiatives to improve profitability and streamline operations, the change was made. A […]