HSBC Reduces U.S. Debt Capital Markets Team by 10%

HSBC has reduced its U.S.-based debt capital markets team by 10%, as part of ongoing cost-cutting measures following a business revamp announced last October. Bloomberg posted on X, citing sources familiar with the matter, that this move is part of HSBC's broader strategy to streamline operations and improve efficiency. The bank has been focusing on restructuring its business to adapt to changing market conditions and enhance its competitive position. This reduction is seen as a step towards achieving those goals.