HSBC is trading at £1,408.00, down 4.36%, amid reports of proposed sweeping job cuts in its UK wealth division as the bank expands its use of AI.
- Bloomberg reported proposed reductions of about half of management and specialist roles and nearly 70% of financial advisers.
- Reuters said it could not immediately verify the report.
- This is the clearest company-specific explanation identified; no trading-volume information was provided.