Two people briefed on the matter said the cuts will focus mainly on high-paid roles.
HSBC could announce the beginning of the latest cost-cutting drive and job cuts when it reports third-quarter results later this month.
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Mr Quinn became interim CEO in August after the bank announced the departure of John Flint, saying it needed a change at the top to address “a challenging global environment.”
The reported job cuts come after the lender said it would be laying off about 4,000 people this year, and issued a gloomier business outlook with an escalation of a trade war between China and the U.S., an easing monetary policy cycle, unrest in its key Hong Kong market and Brexit.
HSBC declined to comment, the FT said.
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