Days after report claims HSBC to use AI to cut costs and improve performance, British bank appoints first chief AI officer

HSBC has appointed David Rice as its first Chief AI Officer to drive generative AI adoption globally. This strategic move ...

HSBC weighs deep job cuts as AI overhaul unfolds: report

Global banking giant HSBC Holdings Plc is considering significant job reductions thanks to artificial intelligence, a ...

HSBC’s CFO said the bank would turn to AI to cut costs. Now the bank is reportedly consider 20,000 job cuts.

The bank is considering to get rid of roughly 10% of its total workforce, as the bank is focused on “staff-related inflation.
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HSBC announces $3 billion share buyback after second-quarter profit misses estimates

Europe's largest lender HSBC on Wednesday missed second-quarter profit expectations, mostly on account of impairment charges related to a Chinese bank and loss of income from businesses it disposed in ...

HSBC Standard Chartered poised to become first licensed stablecoin issuers in Hong Kong: report

HSBC and Standard Chartered may be first licensed stablecoin issuers in Hong Kong as HKMA weighs March approvals—see what it ...

HSBC eyes up to 20,000 job cuts as AI overhaul gathers pace: Report

HSBC is considering cutting up to 20,000 jobs over the next few years as it accelerates its AI-driven restructuring and ...
Seeking Alpha

HSBC revamps trading unit to boost debt-financing operations - report

HSBC Holdings (HSBC) is overhauling its trading division as part of CEO Georges Elhedery's campaign to transform it into a debt-financing leader, according to a media report on Thursday. The company's ...

HSBC weighs deep job cuts as AI overhaul unfolds, Bloomberg News reports

March 19 (Reuters) - HSBC Holdings is weighing a wave of deep job cuts over the coming years that could ultimately impact ...