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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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.