The change is the latest after a junior banker died last year after allegedly working 100-plus hour weeks. The bank also recently cut about 150 junior investment banking roles, the Journal reported.

Acquiring or merging with another company is generally a drawn-out process of planning and negotiation. Investment bankers often have an ... a head after investment bank Lehman Brothers filed ...

The change comes ... to junior bankers fell on mid-level employees serving one-year rotations. However, insiders at the bank ...

The financial institution also eliminated around 150 junior investment banking roles last week.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC fired investment bankers on the day they were due to learn their bonus figures and gave no bonuses to ...