Powered by

Exclusive: HSBC to cut up to 300 jobs in UK commercial banking overhaul, source says

Oct 21, 2020 - Reuters Canada
Organizational Restructuring

By Karin Strohecker , Lawrence White

2 Min Read

FILE PHOTO: An HSBC bank is pictured during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., October 19, 2020. REUTERS/Carlo Allegri

LONDON (Reuters) - HSBC HSBA.L has launched a restructuring of its commercial banking business in Britain, a source familiar with the matter told Reuters on Wednesday, resulting in around 300 job losses.

“In line with the Group strateg...