HSBC

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.

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

Consolidation trends are likely to persist in Singapore as insurers seek greater scale, says Fitch Ratings' Asia-Pacific insurance team.

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.

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.
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How high-net-worth individuals are reclaiming their scarcest asset – time

As affluence grows, so does the awareness of what money cannot buy. It is this tension that HSBC Life Prestige Circle was designed to address – helping high-net-worth clients protect, optimise and enr...

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

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

Granite Asia senior managing partner Jenny Lee (left) and BT wealth editor Genevieve Cua at the inaugural Business Conclave.
INVESTING IN ASIA’S NEXT GROWTH FRONTIER

Single founders, billion-dollar valuations: AI is minting unicorn startups at birth

But this is less so in Asia, where entrepreneurs seek profitability over valuations: Granite Asia’s Jenny Lee 

HSBC CEO Georges Elhedery's remarks come as many CEO comments in recent weeks have rattled staffers about the future of the industry.

‘Human judgment’ is vital even with AI’s introduction: HSBC CEO

He insists people are still key, and that it can even mean more hiring in the future

HSBC has warned that all funds deposited into investment accounts must comply with Hong Kong’s regulatory requirements.

HSBC, AIA, Prudential shares slide after report of Hong Kong bank account curbs

The lenders are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts

HSBC has updated its approach, which the bank says is to reflect a significantly changed external landscape since setting its first net-zero targets in 2020.

Despite backtracking on climate commitments, HSBC says it is ‘more ambitious’ on its net-zero strategy

The bank is focusing on commercialisation in the next phase of its sustainable financing road map