HSBC Job Cuts Show Banks Make Different Workforce Choices With AI

HSBC’s planned advisor cuts show how AI productivity can reduce headcount, augment workers or do both—and why those outcomes ...
Seeking Alpha

HSBC is the latest bank to exit Net Zero Banking Alliance

Updates at 12:16 PM ET with HSBC confirming withdrawal and comment and at 10:50 AM ET with NBZA comment in fifth paragraph. HSBC (NYSE:HSBC) withdrew from the Net-Zero Banking Alliance, the ...
CNBC

HSBC announces share buyback of up to $2 billion as annual profit jumps 6.5%

The profit before tax marginally missed LSEG estimates, but it was higher than the $31.67 billion consensus estimate compiled by HSBC. The bank said it will repurchase up to $2 billion in shares, ...
Crypto Briefing

HSBC and Ant Digital test AI-agent payments with tokenized deposits

HSBC and Ant Digital tested AI agents making micropayments under $2 with tokenized deposits, real-time settlement, and ...
Seeking Alpha

HSBC: Not Much Compelling For Long-Term Investors (Rating Downgrade)

HSBC Holdings plc's strong performance, with a 41% total return, was driven by higher-than-expected interest rates and strategic divestments, despite a muted business outlook. The bank's net ...