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HSBC HOLDINGS Cuts Over Dozen Bankers from Asia Investment Bank Unit: Report
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HSBC HOLDINGS (00005.HK) launched a new round of layoffs in its Asia investment bank unit, involving over a dozen bankers, due to a drop in its Asia trading business, Bloomberg quoted sources as saying.

The scale of the Group's workforce fluctuates in any year, a spokesman for HSBC HOLDINGS in Hong Kong said. Overall, the investment bank delivered a strong results during extremely challenging years.

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