--HSBC Holdings PLC's Global Head of Equities Hossein Zaimi is leaving the bank as it restructures its troubled investment-banking wing, according to two unnamed sources, Reuters reports.

--The Hong Kong-based director's departure is expected to be followed by others, Reuters reports, evidence that the company's cost-cutting initiatives are extending beyond Europe.

Full story: https://reut.rs/2WsLvcf

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(END) Dow Jones Newswires

July 17, 2020 10:54 ET (14:54 GMT)

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