Friday, HSBC Holdings plc's (HSBC) Swiss private bank has decided to raise pay of some of its employees to discourage more people from leaving, according to a Bloomberg report.
This decision comes as the firm has seen several departures in the past few months, including interim head John Shipman, who left last month to join Barclays.
The report further stated that the bank has recently increased salaries for staff, including relationship managers.
In the pre-market hours, HSBC is trading at $67.88, up 0.43 percent on the New York Stock Exchange.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.