HSBC cuts 10% of US debt capital markets team, Bloomberg News reports
#HSBC#Debt Capital Markets#Job Cuts#Cost Reduction#Financial Restructuring#Banking Industry#U.S. Operations
📌 Key Takeaways
HSBC reduced its U.S. debt capital markets team by 10%
At least six employees in New York were affected by the cuts
The reductions are part of ongoing cost-cutting measures
This follows a business revamp announced in October 2025
📖 Full Retelling
HSBC cut 10% of its U.S.-based debt capital markets team in New York on Thursday, February 19, 2026, continuing to cull costs after announcing a business revamp last October, according to a Bloomberg News report that could not be immediately verified by Reuters. The report specifically mentioned that at least six people in New York were let go as part of these workforce reductions. This latest move follows HSBC's broader restructuring efforts aimed at optimizing operations and reducing expenses across its global footprint, with the bank implementing various cost-cutting measures since its October 2025 announcement regarding business transformation.
A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such...
HSBC Holdings plc (Chinese: 滙豐; lit. 'focus of wealth') is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas,...
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry U.S. stocks end lower after hawkish Fed minutes; Walmart guidance falls short Gold largely flat as investors weigh geopolitical tensions, hawkish Fed minutes Berenberg sees more than 50% upside in this small-cap software stock Morgan Stanley identifies best gas stocks amid AI data center boom (South Africa Philippines Nigeria) HSBC cuts 10% of US debt capital markets team, Bloomberg News reports By Reuters Stock Markets Published 02/19/2026, 06:22 PM Updated 02/19/2026, 06:24 PM HSBC cuts 10% of US debt capital markets team, Bloomberg News reports 0 HSBC -1.43% Feb 19 - HSBC cut 10% of its U.S.-based debt capital markets team, continuing to cull costs after announcing a revamp of the business last October, Bloomberg News reported on Thursday, citing people familiar with the matter. At least six people in New York were let go on Thursday, the report added. Reuters could not immediately verify the report. HSBC did not immediately respond to a Reuters request for comment.
