HSBC to kick off new round of job cuts

HSBC HOLDINGS IS kicking off a fresh round of job cuts at its investment bank as new chief executive officer Georges Elhedery continues his overhaul of Europe's biggest lender, according to people familiar with the matter.

- BLOOMBERG

The latest phase of cuts will start in Asia, but will ultimately affect employees globally, said the people, who asked not to be identified discussing private matters. It's not clear how many people will be affected by the moves.