Financial Times: About half of the business’s management and specialist roles are expected to go, while the reduction in the ranks of financial advisers will be closer to 70 per cent, one of the people said.
One person described the cuts as “deep, wide and brutal”, adding that almost entire teams would be made redundant. HSBC does not break down how many people it employs in its UK wealth business but it is thought to have hundreds of relationship managers based across the country…