The latest round of cuts comes as HSBC bankers in its London headquarters face uncertainty as the lender prepares for expected disruption caused by Brexit. Photo: ReutersLondon: HSBC has begun cutting around 100 senior jobs in its investment banking division worldwide this week, according to officials with direct knowledge of the matter. “We review on an annual basis performances across global banking & markets and make appropriate changes to strengthen and grow the business,” a spokesman for the bank said in an emailed statement. The cuts at HSBC follow a previous cull in the lender’s global banking division last May as the business led by former Goldman Sachs banker Matthew Westerman looks to reduce costs. The latest round of cuts comes as HSBC bankers in its London headquarters face uncertainty as the lender prepares for expected disruption caused by Britain’s exit from the European Union.

Source: Mint January 20, 2017 15:20 UTC