HSBC plans job cuts across UK wealth business in AI push, FT reports

Oct 7 (Reuters) – HSBC (HSBA.L), ‌is planning sweeping job ​cuts across ​its UK wealth management ⁠business, ​including a sharp ​reduction in financial advisers and specialist ​staff, ​as part of a ‌broader ⁠push to use artificial intelligence, the ​Financial ​Times ⁠reported on Wednesday.

Reuters ​could not ​immediately ⁠verify the report.

Reporting by ⁠Rajveer ​Singh Pardesi ​in Bengaluru; Editing ​by Sonia Cheema