HSBC Sends Recruitment Emails to Rival Bankers Facing Cuts
- ‘Layoffs are stressful and can be overwhelming,’ message says
- Some Wall Street firms are trimming staff on gloomier outlook
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As global banks from Credit Suisse Group AG to Goldman Sachs Group Inc. prepare for a fresh wave of job cuts, HSBC Holdings Plc is going on the offensive.
In a move that illustrates the cutthroat world of Wall Street, HSBC has been sending recruitment emails to bankers and other employees at firms facing job losses.