HSBC plans to restructure its global banking division , slashing almost a fifth of profits and shrinking its global bank by 33 percent in an effort to reduce losses and boost profits . The bank is set to re - integrate capital finance business back into its global banking including the creation of a new corporate , financials and multinationals banking unit to manage shareholder returns following increased profitability and efficiency .
HSBC plans to restructure its global banking division, slashing almost a fifth of jobs and shrinking its investment bank by 33% in an effort to cut costs and boost profits. The bank is set to re-integrate capital finance business back into its global banking including the creation of a new corporate, financials and multinationals banking unit to improve shareholder returns following increased profitability and efficiency.