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HSBC trims UK investment bankers as layoffs pick up pace

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fnlondon.com

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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