According to reports, HSBC is pushing for the departure of underperforming employees, with some bankers facing zero bonuses
According to sources cited by Bloomberg, HSBC (00005.HK) plans to encourage employees in underperforming investment banking and wealth management divisions to leave after issuing bonuses in the coming weeks, including those at the managing director level, and is prepared to award minimal or no bonuses to some bankers, following the practices of Wall Street competitors.
A representative from HSBC stated that the group is committed to ensuring that employees receive competitive compensation, with a focus on differentiated pay based on performance to attract and retain talent
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