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HSBC HOLDINGS Said to Talk Underperformers into Quitting; Some Bankers Face Zero Bonuses
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HSBC HOLDINGS (00005.HK) plans to encourage underperforming employees in its investment banking and wealth management divisions to leave after bonuses are distributed in the coming weeks, Bloomberg reported, citing sources. This will include employees at the managing director level, and some bankers will receive minimal or no bonuses, a practice mirroring to Wall Street competitors'. AAStocks Financial News |
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