HSBC Holdings PLC (LON: HSBA) is reportedly planning sweeping job reductions across its UK wealth management operation as the bank increases its use of artificial intelligence and digitally enabled services.
HSBC Cuts 10% of Senior Bankers in Biggest Cull Since 2010
HSBC has cut around one in 10 of its most senior bankers, marking the largest reduction in its top ranks since detailed disclosure records began in 2010.
HSBC is discontinuing its global payments application, Zing.
HSBC is set to discontinue its global payments application, Zing, just one year after its launch. This could potentially put around 400 jobs at risk as the multinational bank continues