This information filtered down yesterday (11/24). It seems to coincide with news coming out of London, but that news is so vague it is rarely helpful. This information must be validated, but we understand that many SAE/AE positions will go away this week. We are hearing that approximately 10 percent of US AE positions will go. If you are in the bottom 10 percent it could get ugly over the next 2 days. HSBC North America has another new boss, and we are unclear if the move is related.
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