Tag: hsbc
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HSBC to hire 100 AI specialists, 100 wealth managers in boost to Singapore hub
HONG KONG: HSBC will hire more than 100 artificial intelligence specialists and 100 wealth managers in Singapore, deepening investment in two areas central to the bank’s Asian growth strategy as it expands higher-fee businesses and accelerates AI adoption.The announcement comes as HSBC moves to launch a new A
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HSBC sells Singapore insurance business to Germany’s Allianz in US$2.09 billion deal
HSBC said on Friday (Jul 24) it will sell its Singapore life and health insurance business to Germany’s Allianz, in a deal valuing the unit at S$2.7 billion (US$2.09 billion).The disposal is expected to generate a pre-tax gain of US$1.8 billion and an estimated up to 15 basis-point increase to CET1 for the HS
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HSBC appoints cross-bank leaders after Hang Seng privatisation, source says
HONG KONG, July 22 : HSBC has appointed cross-bank leaders to oversee seven corporate functions it has in common with Hang Seng Bank, which it took private last year, according to a source familiar with the matter, in an effort to drive efficiency.Corporate communication, company secretarial and corporate gov
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HSBC drops ‘overweight’ call on EM equities on AI spending fears
July 8 : HSBC closed its “overweight” stance on emerging markets equities on Wednesday, citing increased volatility in Asia and warning that renewed concerns over weaker AI spending could disproportionately weigh on EM Asian markets.EM Asian equities have remained volatile lately, with major technology stocks
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HSBC partners with Google Cloud to expand AI usage
LONDON, June 17 : HSBC on Wednesday announced a multi-year partnership with Alphabet Inc-owned Google Cloud focused on building the British bank’s artificial intelligence capabilities. The tie-up marks the latest step in HSBC CEO Georges Elhedery’s drive to embrace the revenue-generating and cost-savings powe
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