HSBC reportedly plans deep cuts to UK wealth jobs amid AI push

Reuters, citing the Financial Times, reports HSBC plans to cut about half the management and specialist roles in its UK wealth business. Cuts to financial adviser roles could reach around 70%. The proposed changes are under consultation, with affected employees expected to leave by the end of October 2026, the FT said. HSBC told Reuters it is continuing to develop digitally enabled products and customer journeys.