HSBC Holdings plans to accelerate its ongoing restructuring, with initial job cuts likely to be announced within weeks, according to one of the bank's executives. In an interview with Bloomberg Television, Michael Roberts, head of the HSBC's newly formed global wholesale banking division, confirmed that senior-level positions will be most affected as the lender seeks to streamline its operations. Roberts explained that HSBC's approach to restructuring would be "thoughtful" but rapid, acknowledging the disruptions such changes can bring.