Browsing: HSBC

Investing.com — Venture capital (VC) and private equity (PE) investors are cautiously optimistic about near-term dealmaking, although confidence in the longer-term outlook has weakened, according to a new HSBC survey.

Investing.com — Venture capital (VC) and private equity (PE) investors are cautiously optimistic about near-term dealmaking, although confidence in the longer-term outlook has weakened, according to a new HSBC survey.

Analyst Stephen Bersey cut his rating from Buy to Hold and lowered his price target to $267 from $310.

HSBC Holdings plc (NYSE:HSBC) closed at $96.14 on October 2, up 34.48% over twelve months.

HSBC is prioritizing growth in Hong Kong, wealth management, trade finance and the U.K. Hong Kong remains highly profitable, while wealth management generated $22 billion in net new money during the second quarter.

The first woman to serve as finance chief at Britain’s largest bank will leave before next year’s annual general meeting and will not stand for re-election to the lender’s board.

HSBC Holdings plc (NYSE:HSBC) posted a stronger-than-expected first-half profit this week and resumed its share buyback program. UBS Group AG (NYSE:UBS) posted its own profit beat, but it’s facing a $125 million fine from U.S. regulators. Hedge funds had already been quietly trimming their UBS positions before that fine even became public.

HONG KONG, Aug 20 (Reuters) – Ant International launched an upgraded version of ‌its artificial intelligence model on Thursday, ‌signing up major global banks as financial institutions ​accelerate the adoption of specialised AI to manage liquidity risks.

The investment reflects growing demand for specialist AI platforms designed specifically for financial services.

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