HSBC

The London-based lender has decided to stop lending to private credit funds where returns are insufficient to justify risks.

Banking & Finance

HSBC reins in riskier private credit lending: FT

It will focus on lower-risk funds and has told clients it will not renew their facilities

European and North American lenders dominate the SRT market, but Asian loans are starting to feature more regularly in deals.

Banking & Finance

HSBC, Standard Chartered weigh significant risk transfers as Asia-linked deals ramp up

Such moves allow banks to manage default risk on loan books, boost solvency ratios, free up regulatory capital

Bloomberg’s US dollar gauge climbed to a seven-month high earlier in June, buoyed by Fed’s message and robust US economic data.

Capital Markets & Currencies

‘Explosive’ US dollar rally is among biggest pain trades, HSBC says

The bank expects the greenback to strengthen gradually through the first half of 2027

The HSBC survey shows that 62% of wealthy people still turn to human professionals as the main source of investment ideas.

Wealth & Investing

AI can’t match human advisers for wealthy clients, HSBC survey shows

It is the latest attempt to figure out how AI is upending the finance industry

The regulator found that HSBC failed to maintain adequate controls over its internal transfer systems between May 2023 and May 2024.

Banking & Finance

HSBC’s Australia unit to pay A$35 million fine over scam protection failures, court rules

The proposed settlement remains subject to approval by the Federal Court

HSBC is among the first global banks to lay out how it plans to deploy AI to generate revenue and boost efficiency.

Banking & Finance

HSBC, Google AI partnership set to add over US$100 million gains

The multi-year tie-up will enable more than 200 new artificial intelligence use cases at the bank over the next two years

Singapore

Allianz’s reported HSBC Life bid reflects race for scale in Singapore’s competitive life insurance sector

HSBC has reportedly shortlisted Allianz, Sumitomo Life Insurance and Dai-ichi Life Holdings as bidders for the Singapore insurance unit

Banks that struggle to integrate AI risk losing clients, market share and talent to rivals.

Banking & Finance

Top banks rush to fill chief AI roles as talent jumps to rivals

The jobs can command salaries of nearly US$3.5 million per year

HSBC Life Prestige Circle clients can gain access to a curated ecosystem of advisory expertise, privileges and experiences, to help them protect, optimise and enrich time.

Insurance

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In January, HSBC started a review of the business, also saying that Singapore was a priority market.

Companies & Markets

Allianz said to lead bidding for HSBC’s Singapore insurance unit

The transaction, estimated to be up to US$2 billion, could be announced soon: sources

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