SK Hynix debuted on the Nasdaq with a $26.5 billion share sale, the second-largest in U.S. history, as shares rose 12.8% on the first day. The listing gives U.S. investors direct access to the leading…
Major global investment banks' average forecast for South Korea's 2026 economic growth reached 3 percent for the first time, driven by robust semiconductor exports amid the AI boom. Eight banks, inclu…
Samsung Electronics Co. reported a 19-fold surge in quarterly profit, beating elevated expectations, driven by runaway demand for memory chips used in AI data centers. The world's largest memory maker…
Singapore's OCBC Bank launched an AI-enabled 'avatar banking' app with virtual financial advisors Wendy and Wayne, offering round-the-clock wealth management advice. CEO Tan Teck Long said the AI will…
OCBC plans to raise annual technology spending to more than $771mn, as new CEO Tan Teck Long doubles down on AI and digital banking. The increase, one of Tan's first strategic signals since taking ove…
HSBC identified six major 'pain trades' for the second half of the year, warning that crowded consensus on the dollar, AI, and yield curves could unravel rapidly. The scenarios include an explosive US…
HSBC warns of potential 'pain trades' that could surprise the stock market, including a more negative AI narrative and a stronger dollar. The bank notes that AI sector earnings expectations may be too…
The three biggest foreign banks in Indonesia—Citigroup, Standard Chartered, and HSBC—have repatriated $640 million in earnings since 2024, exceeding their combined profits, as President Prabowo Subian…
HSBC raised its price target on Micron Technology to $1,700 from $1,100, marking the fifth increase this year, driven by surging AI memory demand. Micron's fiscal third-quarter revenue hit $41.46 bill…
A survey of nearly 10,000 affluent investors across 10 markets commissioned by HSBC found that 62% rely on financial professionals for investment ideas, while only 12% cited AI as the most influential…
HSBC research finds that 62% of wealthy investors still rely on human advisers for final investment decisions, while only 12% cite AI as the most influential factor. The survey of nearly 10,000 afflue…
NatWest CEO Paul Thwaite admitted that artificial intelligence will replace some banking jobs, joining other bank chiefs like Standard Chartered's Bill Winters and HSBC's Georges Elhedery in acknowled…
HSBC announced a multi-year partnership with Google Cloud to deploy AI across its global operations, targeting hyper-personalized wealth management, financial crime risk management, and tools for fron…
HSBC agreed to pay nearly $25 million after admitting failures in protecting Australian customers from scammers, marking one of the first cases globally where a bank is penalized for inadequate fraud …
HSBC announced a partnership with Google Cloud to deploy AI across its operations, targeting over $100 million in cost savings or revenue generation. The bank plans to use AI for personalized wealth m…
Google Cloud announced a multi-year partnership with HSBC to accelerate AI adoption across the bank's global operations, focusing on hyper-personalized wealth management, financial crime risk manageme…
HSBC announced a multi-year strategic partnership with Google Cloud to deploy artificial intelligence across its global operations, targeting roughly 200 new AI initiatives over two years, each expect…
Banks are racing to appoint chief AI officers, with adoption surging from 26% to 76% in a year, according to an IBM survey. HSBC, Commonwealth Bank of Australia, and Lloyds Banking Group have made hig…
Amazon has secured a $17.5 billion delayed draw term loan from a group of banks including Citigroup, JPMorgan Chase, and Wells Fargo, just two days after raising $14 billion in a Canadian bond sale. T…
HSBC upgraded Cisco Systems (CSCO) from Hold to Buy, citing surging demand for AI infrastructure as a key growth driver. The investment bank raised its price target on the networking equipment maker, …