HSBC
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financeHSBC and Google Cloud Forge Major AI Partnership
HSBC partners with Google Cloud to deploy AI for wealth management, financial crime risk, and staff efficiency, targeting significant revenue gains.
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financeBanks Scramble to Appoint Chief AI Officers in a Hiring Frenzy
Major banks are rapidly hiring chief AI officers, with adoption tripling in one year, but these executives say the role may be temporary.
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financeHong Kong Banks Restrict Mainland Investor Access Amid Capital Controls
Major Hong Kong banks suspended new accounts for mainland investors following HKMA directives. Tighter due diligence aligns with Beijing’s crackdown on illegal capital routing and impacts crypto access.
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financeChina's Capital Controls Slam Hong Kong Financial Giants
AIA, HSBC, and Standard Chartered shares fall as China tightens cross-border investment rules, fearing record outflows.
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techOpenAI's Altman: I Was Wrong About AI's Job Impact
Sam Altman admits overestimating AI job disruption. White-collar roles prove resilient.
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financeRising US Treasury Yields Enter 'Danger Zone' for Risk Assets
HSBC warns that surging yields on 10-year and 30-year US Treasuries could pressure stocks and other risk assets as inflation remains sticky.
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financeHSBC Warns Central Banks Will Raise Rates as US-Iran Conflict Fuels Inflation
HSBC forecasts central banks will hike rates due to supply shocks from the US-Iran conflict, with oil prices above $100 per barrel.
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financeStanChart CEO Clarifies 'Lower Value Human Capital' Comment
Bill Winters reassures staff after saying the bank will cut thousands of jobs and replace them with AI over four years.