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Can HSBC's AI-Led U.K. Wealth Job Cuts Help Boost Efficiency?
HSBC Holdings HSBC is planning substantial workforce reductions across its U.K. wealth management business as it accelerates the use of artificial intelligence (AI) and digital servicing. The news was first reported by the Financial Times, per which, HSBC could eliminate about half of management and specialist roles, and reduce financial adviser positions by nearly 70%. The bank is โฆ