HSBC planning significant job cuts in UK wealth management arm
Summarised from 4 outlets · Updated 7 Oct, 10:00 · Archive
HSBC is reportedly planning substantial job cuts in its UK wealth management division. The bank is currently in the middle of a consultation period over the proposed changes, according to the Financial Times.
How it is being reported
- HSBC set to axe UK wealth jobs as AI takes holdHSBC is putting a raft of roles in its UK wealth division on the chopping block following a push to slash costs with artificial intelligence. Europe’s biggest lender is consulting on changes to its wealth management operations that would lead to a shake-up for hundreds of relationship managers and financial advisers across the UK. The [...]City AM · 7 Oct, 10:43
- HSBC set to announce 'brutal' jobs cull in wealth division as it turns to AIHundreds of people are understood to be employed as wealth relationship managers at the bank across the UK.This is Money · 7 Oct, 10:29
- HSBC reportedly planning ‘brutal’ job cuts in UK wealth management armThe bank is in the middle of a consultation period over the proposed changes, the Financial Times reported.Evening Standard · 7 Oct, 09:32
- HSBC reportedly planning ‘brutal’ job cuts in UK wealth management armThe bank is in the middle of a consultation period over the proposed changes, the Financial Times reported.Independent Business · 7 Oct, 09:32
In this story: HSBC · Financial Times · UK
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