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Finance

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

Published by Global Banking & Finance Review

Posted on February 19, 2026

1 min read

· Last updated: April 3, 2026

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

Investment Banking Debt Capital Markets

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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,

HSBC trims 10% of U.S. debt capital markets team after revamp

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.

References

Frequently Asked Questions

What 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.

How 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.

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.

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