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flag HSBC cuts analyst jobs, overhauls operations under new CEO to boost efficiency and profits.

flag HSBC, Europe's largest bank, has cut over two dozen analyst jobs as part of its restructuring under CEO Georges Elhedery. flag The bank is streamlining operations to increase efficiency and focusing on higher-revenue areas, while shutting down lower-performing units. flag This overhaul, which includes combining commercial and investment banking units, is expected to result in $1.8 billion in charges over the next two years.

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