HSBC Makes Managers Vie for Jobs Amid CEO Streamlining

HSBC reportedly wants hundreds of managers to reapply for jobs at the bank’s new division.Interviews for positions at HSBC’s corporate and institutional banking (CIB) arm have already begun, Bloomberg News reported Monday (Nov. 18), citing sources familiar with the matter.These interviews — part of new CEO Georges Elhedery’s push for greater efficiency — have essentially pitted senior staff from HSBC’s commercial banking unit against those from the global banking and markets business in competition for CIB ...