HSBC is trading at $93.51, down 4.17%, after reports it plans sweeping UK wealth-management job cuts as part of an AI push.
- Reported cuts could affect around half of management and specialist roles and nearly 70% of financial advisers; HSBC has not confirmed the figures, and Reuters says it could not immediately verify the report.
- U.S. indices are lower ahead of the Fed minutes, amid rising Treasury yields and oil prices.