HSBC cuts 10% of US debt capital markets team, Bloomberg News reports

Group 1 - HSBC has cut 10% of its U.S.-based debt capital markets team as part of ongoing cost-cutting measures following a business revamp announced last October [1] - At least six employees in New York were let go as part of this reduction [1] - The report on these layoffs was cited by Bloomberg News, although HSBC did not immediately respond to requests for comment [1]