HSBC, the largest European lender, announced that it will restart its share‑repurchase plan following a surge in quarterly earnings to $10.1 bn, largely thanks to its Hong Kong wealth‑management and insurance businesses. The move is expected to support the bank’s share price and return capital to shareholders.
HSBC Holdings Plc will hire over 100 AI specialists in Singapore and establish a global AI centre later this year, reflecting the British bank’s push to invest in technology that is changing financial industry workforces.
HSBC Holdings Plc announced a strategic partnership with Google Cloud to implement artificial intelligence solutions across its global banking operations. The bank expects individual AI projects to generate more than $100 million in additional revenue or operational savings.