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    Home»News»HSBC reduces workforce at China digital wealth unit Pinnacle – report (HBCYF:Pink Current Info)
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    HSBC reduces workforce at China digital wealth unit Pinnacle – report (HBCYF:Pink Current Info)

    Press RoomBy Press RoomFebruary 28, 2025No Comments1 Min Read
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    HSBC Building, London

    William Barton/iStock Editorial via Getty Images

    HSBC (OTCPK:HBCYF) (NYSE:HSBC) is reducing the workforce at its China digital wealth business Pinnacle by nearly half, or about 900 people, Reuters reported citing sources familiar with the matter.

    The move is seen as a sharp reversal of the bank’s

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