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HSBC to Wind Down Germany Transaction Services, Phasing Out 320 Roles by 2028

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HSBC is winding down its Germany transaction services business, planning to phase out about 320 roles by 2028 across two entities. The move follows earlier Germany exits, with $1.7 billion in annualized savings booked by H1 2026 and $1.4 billion in restructuring costs. The bank is simultaneously funding global wholesale transaction banking and expanding Asian wealth and China brokerage operations.

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