HSBC Holdings plc Sponsored ADR (HSBC)
HSBC exec says there's a lot of AI 'success theater' happening in finance
"Candidly, there's a lot of success theater out there" when it comes to applying artificial intelligence in banking, HSBC's head of generative AI said at a tech event in London this week. Achtner's comments come as other figures in the financial services sector — particularly leaders at startup firms — have made bold statements about the level of overall efficiency gains and cost reductions they are seeing as a result of investments in AI.
RBNZ likely to cut rates by another 50 basis points at its next meeting: HSBC economist
Paul Bloxham, chief economist for Australia and New Zealand and global commodities at HSBC, says the Reserve Bank of New Zealand is likely to cut rates further in 2025, reaching a policy rate of 3.25% by end-2025 or 3% by early 2026.
Companies to top 'low-bar' Q3 earnings estimates: HSBC global CIO
With third quarter earnings season set to kick off this week, Willem Sels, HSBC global CIO of global private banking and wealth, joins Catalysts to break down what investors should be watching. "The earnings season has actually a relatively low bar in the third quarter.
HSBC Scraps Some Internal Events, Restricts Travel
Bloomberg has learned that HSBC Holdings has canceled some internal events and further curtailed travel as the bank's new CEO seeks to keep a tight lid on costs. Russell Ward reports on Bloomberg Television.
HSBC (HSBC) Implements Cost-Cutting Measures Amidst Global Challenges
HSBC Holdings is intensifying its cost-control initiatives by canceling some internal events and reducing company travel. These steps come as the new CEO, Georges Elhedery, aims to manage expenses closely ahead of the third-quarter earnings report.
HSBC arm First Direct cuts its mortgage rates to match rivals
HSBC Holdings PLC (LSE:HSBA) online arm First Direct has cut rates across its range of 100 mortgage products as competition for homebuyers continues to intensify. For buyers with a 40% deposit, the rate starts as low as 3.79% for a five-year fixed deal with a fee of £490, while three-year fixes with a 15% deposit drop to 4.74% from 4.99%.
Is HSBC (HSBC) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
HSBC: the Malaysian Ringgit is boosted by central bank policy and 'promising' structural reform
Yun Liu of HSBC says Malaysia's economic growth is 'on fire at all fronts', and discusses strength of the ringgit and increasing amount of Chinese investments into the country specifically related to green transition.
Earnings trajectory is under-appreciated in the near-term, says HSBC's Max Kettner
Kevin Gordan, Charles Schwab senior investment strategist, and Max Kettner, HSBC Global Research chief multi-asset strategist, join CNBC's 'Closing Bell' to discuss market outlooks.
HSBC says governments' climate plans need to provide sector details
Governments reporting their plans and progress in bringing down national levels of planet-warming carbon emissions need to provide detail at sector level to make them workable, said HSBC group chief sustainability officer Celine Herweijer.
Markets Mispricing Uptick in Growth, Inflation: HSBC's Kettner
Max Kettner, chief multi-asset strategist at HSBC, expects inflation to stay stickier because of higher-than-expected growth and be “really good for earnings, really good for equities.” -------- More on Bloomberg Television and Markets Like this video?
Korea's Value-Up program will be a 'slow grind' and needs support from domestic investors: HSBC
Herald van der Linde of HSBC says that the Korea Value-Up program and index are positive developments for investors, but while increasing dividend payments and share buybacks is easy, it will take a long time for companies' capital allocation efficiency to improve.
