HSBC slashes 10% of U.S. debt capital markets team, Bloomberg reports

HSBC (HSBC) has slashed 10% of is U.S.-based debt capital markets team as the lender continues to lower costs after announcing an overhaul of the business last October, Bloomberg’s Carolina Gonzalez and Michael O’Boyle report, citing people familiar with the matter. No fewer than six staff in New York were let go this week, including one managing director, two directors, two associates, and one analyst, the authors say.