Shares of HSBC tumbled 4.2% to $93.51 on reports the bank plans to slash roughly half of its UK wealth-management and specialist roles and nearly 70% of financi

Shares of HSBC tumbled 4.2% to $93.51 on reports the bank plans to slash roughly half of its UK wealth-management and specialist roles and nearly 70% of financial adviser positions, part of a broader push to replace human advisory work with artificial intelligence tools. HSBC has not confirmed the s…