HSBC Closes Fast-track Management Program to New Recruits Amid Savings Push

11:45 PM EST, 12/11/2025 (MT Newswires) -- HSBC (HSBA.L) shut down its long-running "International Manager" fast-track program as part of efforts to reduce costs across the bank, London's Financial Times reported Thursday, citing people familiar with the matter. The program will no longer take new recruits, but will continue for the estimated fewer than 100 employees already part of the scheme, the unnamed sources told the newspaper. HSBC did not immediately respond to a request for comment from MT Newswires.