HSBC reduces US debt capital markets team by ten percent
HSBC has reduced its U.S. debt capital markets team by ten percent as part of an ongoing cost-cutting initiative. At least six New York employees were let go.
Insights:
HSBC Holdings plc has reduced its U.S.-based debt capital markets team by approximately 10 percent, a move that resulted in at least six staff members in New York being let go today, February 19, 2026. This reduction serves as a concrete follow-through on a business revamp that was originally announced in October. The primary trigger for the change was the need for continued cost-cutting within the bank's debt capital markets operations.
