HSBC Said to Start 2,000 Job Cuts in Commercial Banking Unit

Updated on
  • Cuts come after HSBC said it would shed 50,000 roles in June
  • Credit Suisse and Deutsche Bank also cutting thousands of jobs

A HSBC bank branch in Hong Kong.

Photographer: Jerome Favre/Bloomberg

HSBC Holdings Plc is eliminating 2,000 jobs in its commercial bank as part of a plan to cut costs, according to a person briefed on the matter.

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