HSBC Cuts at Least Four Bank Jobs in Hong Kong as Deals Dry Up
- Bank joins others in cutting staff amid dearth in dealflow
- Origination team focuses on deals from mid-cap clients
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HSBC Holdings Plc has seen at least four Hong Kong-based bankers leave amid a dearth of deals in the region, according to people familiar with the matter.
The bank cut staff within its commercial banking origination unit for Greater China, the people said, asking not to be identified discussing internal information.