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The Latest Breaking News from HSBC

HSBC CEO Tells Staff Not To Resist AI As It Could Make Them 'More Productive Versions Of Themselves'

HSBC CEO Georges Elhedery told staff not to fight AI as it could make them "more productive versions of themselves".

International Business Times

AI boom: Global stock market order shuffles as Taiwan, South Korea overtake Western giants

Asian markets are making waves. South Korea's Kospi and Taiwan's stock market have surged, driven by the AI boom. These markets are now outperforming many Western exchanges. Investors are watching closely as capital shifts towards these AI-focused economies. This new global stock market order presents exciting opportunities and potential risks.

The Economic Times

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

HSBC's top executive Georges Elhedery stated that artificial intelligence will reshape jobs in finance. The bank is actively retraining its 200,000 employees to embrace this technological shift. This comes as rival Standard Chartered announced significant job cuts due to AI integration. Financial institutions are increasingly focused on cost savings and…

The Economic Times

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HSBC job cuts: CEO shares big update on lay offs possibility, message for employees on AI issue

HSBC recently launched a dedicated $4 billion credit facility to support the global expansion of mainland Chinese companies.

The Economic Times

Following OCC Conditional Approval, Augustus Announces Column's Benjamin Alexander as Chief Compliance Officer

NEW YORK, May 19, 2026 /PRNewswire/ -- Augustus, the company building the world's first clearing bank for the AI era, today announced the appointment of Benjamin Alexander as Chief Compliance Officer. Benjamin joins from Column, where he served as Chief Compliance Officer and BSA/AML Officer, and brings over 15 years…

AAP

Surging global bond yields, elevated oil deepen rupee's slide to record lows

Elevated energy prices and weak capital flows have left India staring at a third consecutive fiscal year of a deficit in its balance of payments (BoP), straining the rupee. Economists at HSBC have forecast a ⁠BoP deficit ‌of around $65 billion in the fiscal year ending April 2027.

The Economic Times

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

HSBC has unveiled a groundbreaking $4 billion credit facility aimed at propelling Chinese enterprises forward in sustainable and transitional tech. Key sectors under this initiative include renewable energy, data management hubs, and electric transportation. With China at the forefront of green technology innovation, this strategic funding is set to bolster…

The Economic Times

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The Trade Desk Slumps Following String of Analyst Downgrades

Wall Street firms have downgraded Trade Desk stock in recent sessions. Here’s what is hurting sentiment surrounding TTD shares in 2026.

Barchart

From fringe issue to the heart of politics: the UK Living Wage campaign marks 25 years of success

The group’s latest triumph won over the Department for Business and Trade, now it is eyeing private care providers and supermarkets

The Guardian - UK

Revealed: The five high street banks with the most customer complaints

In total banks paid out £236.2m to complainants, with the average pay-out totalling £215

The Independent UK

RBI likely to hold rates in June: HSBC

The Reserve Bank of India faces a tough choice in June. Economists predict no interest rate changes as the economy deals with rising energy costs and unpredictable weather. The RBI must balance fighting inflation with keeping economic growth strong. Any rate hikes are likely delayed until global supply chains stabilize…

The Economic Times

Ahead of AMD Earnings, Here Is What Barchart Options Data Shows for AMD Stock

Options traders believe AMD shares will rally after Q1 earnings today. But HSBC downgraded AMD stock heading into the quarterly release.

Barchart

FTSE 100 pulled down by banks amid Iran war worry

The FTSE 100 closed down 144.82 points, 1.4%, at 10,219.11.

Evening Standard

Why major UK bank’s profits have taken a hit

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The Independent UK

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Euronews

European banks show mixed results as HSBC profits dip while UniCredit's rise

HSBC reported a slight contraction in profits while Italy's UniCredit surpassed market expectations as banking institutions navigate a complex landscape defined by geopolitical tensions.

The Independent UK

Japan defense chief visits Philippines to deepen security ties and witness combat exercise

Japanese Defense Minister Shinjiro Koizumi has traveled to the Philippines to witness an international combat drill and conduct talks with Philippine President Ferdinand Marcos Jr. intended to broaden defense ties between the nations

Evening Standard

HSBC profits worse than forecast after jump in bad debt provisions

The UK lender reported first-quarter pre-tax profits of £9.4 billion US dollars (£6.96 billion), down from 9.5 billion (£7 billion) a year earlier.

The Guardian - UK

HSBC profits fall amid $400m fraud-related charge and Iran war

London-headquartered bank’s shares slide as it sets aside an extra $300m to cover effects of Middle East conflict

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The Guardian - UK

UK 30-year borrowing costs hit highest since 1998 amid oil price surge and political uncertainty – as it happened

Long-term UK borrowing costs hit 28-year high on expectations of higher inflation, and speculation that local elections could prompt leadership challenge

Evening Standard

HSBC profits fall slightly despite strong wealth and Hong Kong business growth

The bank said the decrease reflected higher expected credit losses and other credit impairment charges.

The Independent UK

HSBC profits dip amid credit fraud charges and Iran war

The bank’s revenue was boosted by strong performance in wealth management and the Hong Kong business segment

Barchart

Ahead of Palantir Earnings, Here Is What Barchart Options Data Shows for PLTR Stock

Options traders believe Palantir stock will push higher on Q1 earnings today, after market close. But HSBC downgraded PLTR shares to “neutral” heading into the quarterly release.

AAP

Close call tipped as Reserve Bank mulls third rate hike

Traders and economists expect the central bank to raise interest rates for a third straight meeting but high uncertainty could result in another split decision.

Barchart

LAC Stock Alert: Why Analysts Are Split on Lithium Americas

Lithium Americas shares have been varying calls from Wall Street analysts. Here’s the bull and bear argument tied to LAC stock currently.

The Guardian - UK

Barclay family avoids bankruptcy after deal with HSBC over £143m debt

Bank says it has withdrawn proceedings against former Telegraph owners Aidan and Howard Barclay at high court

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