HSBC Cutting at Least 200 Senior Managers Globally, Reuters Says.

(Bloomberg) -- HSBC Holdings Plc is cutting as many as 15% of its 2,000 senior operations managers worldwide, according to Reuters. This week, the lender announced the sale of its Canadian unit to Royal Bank of Canada for $10 billion, and Bloomberg has reported HSBC is reviewing its New Zealand retail banking operations. [Extracted from the article]