Key facts
- Senior HSBC bankers are experiencing a reduction in their school-fee subsidy.
- This cut in benefits adds to existing concerns about potential job risks and redundancies within the bank.
Senior bankers at HSBC are reportedly facing a "double blow" as a reduction in their school-fee subsidy exacerbates existing concerns about job security and potential redundancies. Sources familiar with the matter indicated that this change in benefits adds to the pressures already present within the bank.