--HSBC is putting some of its investment bankers on short-term retention agreements, Bloomberg reports, citing unnamed sources.
--The bank said it would shut selected investment banking units as part of a wide restructuring under new Chief Executive Georges Elhedery.
--It is unclear how many bankers would be affected by these three- to six-month work arrangements to finish client mandates as well as the removal of vice chair roles in several markets, according to Bloomberg.
Full story: https://tinyurl.com/4nc5mmud
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
March 13, 2025 07:11 ET (11:11 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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