Bank of America trims investment banking team in Hong Kong

Bank of America has cut 16 investment banking roles in Hong Kong as part of a global workforce reduction, reflecting broader challenges in dealmaking. While Hong Kong’s IPO market is showing signs of revival, Bank of America’s home market in the U.S. has seen slower-than-expected deal volumes, prompting strategic cost-cutting.

With 150 junior banker roles being eliminated worldwide, this move signals a cautious approach amid shifting market conditions. How will this reshape the investment banking landscape?

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