HSBC CEO Says `Too Early' to See Deeper Investment-Banking Cuts

  • CEO says if trend deepens, bank will respond at half year
  • Unit's pretax profit was below estimates of Citigroup analysts

HSBC Holdings Plc, the U.K. lender eliminating 25,000 jobs to boost profitability, doesn’t plan to deepen cuts at its securities unit amid a market rout, said Chief Executive Officer Stuart Gulliver.

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