HSBC

Bank CEOs’ AI obsession collides with warning from watchdogs

The question of how to regulate AI is evolving across jurisdictions

HSBC chief Georges Elhedery says the bank is deploying AI across multiple functions and businesses to simplify operations and personalise content to customers.

HSBC CEO says AI will destroy and create new jobs, urges staff to embrace change

The lender cites AI as a driver for slimming down its operations to increase profitability

OCBC agreed to acquire the HSBC assets earlier this month to deepen its presence in Indonesia.

OCBC outbids banks on HSBC Indonesia deal by wide margin: sources

The higher offer allows OCBC to enter bilateral negotiations to finalise the deal

HSBC’s move to create the Sustainability and Transition Credit Facility comes as the Iran war drives further demand for renewable energy.

HSBC to lend US$4 billion to help China clean tech scale globally

The bank will extend credit terms, streamline credit approvals and develop tailored solutions for eligible companies

The FT report came only over a week after Europe’s biggest lender took a US$400 million hit linked to the collapse of British mortgage lender Market Financial Solutions.

HSBC committed to its private credit investments after report on US$4 billion pause

Regulators worldwide are more concerned about banks’ exposure to the US$3.5 trillion private credit industry

While golf has historically been the premier networking sport, pickleball is emerging as a fresh alternative as corporates and business people warm to its social, fast-paced nature.
BRUNCH

From fairways to courts: Is pickleball the new golf?

More companies and entrepreneurs are turning to the racquet sport for client engagement and networking

HSBC booked US$1.3 billion in expected credit losses for the period.

HSBC misses profit estimates on fraud-related credit loss, Iran war risks

Its shares declined as much as 4.25% in early afternoon Hong Kong trading

While HSBC’s salaries and bonuses lag behind its Wall Street rivals, it’s dangled generous benefits, including club memberships and cheap mortgages, to attract recruits.

HSBC reviews HK$300,000-per-kid school fee perk for Hong Kong bankers to cut costs

International school fees are a major expense for families in the city and costs have been increasing after the pandemic

HSBC’s share price has doubled in Hong Kong since Georges Elhedery took over in September 2024.

HSBC is said to shortlist Allianz, Sumitomo for Singapore insurer

The bank starts a review of the insurance business in January

HSBC has said that it’s carrying out targeted strategic reviews of its retail businesses across Australia, Indonesia and Egypt, but no decisions have been made.

OCBC is said to emerge as lead bidder for HSBC Indonesia assets

The Singaporean bank has a presence in Indonesia with its Jakarta-listed subsidiary Bank OCBC NISP Tbk