Reported: HSBC is planning job cuts in its UK wealth business affecting about half of management and specialist roles and closer to 70% of advisers, according to the Financial Times (7 Oct 2026). HSBC told AFP it is "currently in a consultation period" but has not confirmed the scale.
Reported: HSBC is weighing cuts of about 20,000 roles, according to Bloomberg News (19 Mar 2026). No decision has been reported, and HSBC has not confirmed it. Bloomberg News repeated the report on 15 Oct 2026.