HSBC cuts 10% of US debt capital markets team | GBAF
Published by Global Banking & Finance Review®
Posted on February 19, 2026
1min read
Last updated: February 19, 2026
Quick Summary
Bloomberg says HSBC cut 10% of its U.S. debt capital markets team, including at least six roles in New York. The cuts follow an October revamp; Reuters could not verify and HSBC declined immediate comment.
Background on October Revamp
HSBC U.S. Debt Capital Markets Cuts
Feb 19 (Reuters) – HSBC cut 10% of its U.S.-based debt capital markets team, continuing to cull costs after announcing a revamp of the business last October, Bloomberg News reported on Thursday, citing people familiar with the matter.
Number and Location of Roles Affected
Scope of Reductions
At least six people in New York were let go on Thursday, the report added.
Verification and Company Comment
Reuters could not immediately verify the report.
HSBC did not immediately respond to a Reuters request for comment.
Source Attribution and Editing Credits
(Reporting by Carlos Méndez in Mexico City; Editing by Maju Samuel)
Key Takeaways
- •Bloomberg reports HSBC cut 10% of its U.S. debt capital markets team.
- •At least six New York roles were eliminated on Thursday, per the report.
- •The move continues cost-cutting after a business revamp announced in October.
- •The report cites people familiar; Reuters could not immediately verify.
- •HSBC did not immediately respond to Reuters’ request for comment.
Frequently Asked Questions about HSBC cuts 10% of US debt capital markets team, Bloomberg News reports
1What is the main topic?
Bloomberg reports that HSBC cut about 10% of its U.S.-based debt capital markets team as part of ongoing cost reductions following a business revamp announced in October.
2How many positions were affected and where?
At least six roles were reportedly cut in New York, according to people familiar with the matter cited by Bloomberg.
Verification and Company Comment
Source Attribution and Editing Credits
3
Is this information confirmed?
Reuters said it could not immediately verify the Bloomberg report, and HSBC did not immediately respond to a request for comment.
4Why is HSBC making these cuts?
The reductions align with broader cost-cutting tied to a recent restructuring aimed at refocusing the bank’s operations and improving efficiency.
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