HONG KONG: France's BNP Paribas has cut a dozen jobs in mainland China and Hong Kong, a source with knowledge of the matter told Reuters, the latest among global banks to trim headcount amid a slowdown in dealmaking in the Chinese market.
The bank last week began notifying the impacted bankers, the majority of whom are in investment banking and corporate finance roles, according to the source, who declined to be named as the information is not public.
