HSBC’s customers base increased to 6.2 million last year from 5.4 million, showing the importance of the city, Elhedery says.

The layoffs take place as deal-making activity in Asia and around the world declines. Investment banks like HSBC are facing further difficulties as a result of weak market circumstances in China and ...

Banks may still chafe against other post-crisis rules, such as long vesting periods for stock-based rewards, but those structures rightly limit the potential for abuse and a new systemic crisis.

The musical chairs have started one rung down from the big banks’ top jobs, and everyone is looking for new hires. When will ...