Lender HSBC Holdings Plc. (HSBA.L, HBC), which has already cut around 46,000 jobs in the past two years, could announce elimination of more jobs on Wednesday, the Independent reported Sunday.
Since 2011, the company has reduced its global workforce to 254,000 from 300,000 by way of redundancies as well as the disposal or closure of 52 businesses.
Wednesday, investors are likely to be told that Chief Executive Stuart Gulliver would move forward with plans to create a more streamlined bank. The lender may get rid of up to 20 more businesses in the next two years.
HSBA.L closed up 1.2 percent on Friday at 739.50 pence.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.