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HSBC Cuts Back $38,000-Per-Kid School Perk for Some HK Bankers

Bloomberg Markets Thursday 17 September 2026, 03:14 UTC By Ambereen Choudhury 1 min read
Key Points

HSBC Holdings Plc ended a long-standing education benefit for new joiners in Hong Kong and for employees transferring to the city, cutting back one of the city’s most lucrative banking perks as Chief Executive Officer Georges Elhedery plows ahead with a cost-trimming campaign.

HSBC Holdings Plc ended a long-standing education benefit for new joiners in Hong Kong and for employees transferring to the city, cutting back one of the city’s most lucrative banking perks as Chief Executive Officer Georges Elhedery plows ahead with a cost-trimming campaign.
HSBC Cuts Back (ORG) Some HK Bankers HSBC Holdings Plc (ORG) Hong Kong (LOCATION) Georges Elhedery (PERSON)
Originally published by Bloomberg Markets Read original →

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