HSBC, the UK-based banking group, has laid off 25 staff from its Treasury and capital markets division in London.

The cuts, which represent a 2.5% reduction in HSBC's 1,000-strong Treasury and capital markets unit in the UK capital, took place on Wednesday as the bank approached its staff to seek agreements about departures.

Miles Gregory-Costello

HSBC

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HSBC sheds 25 staff in London

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