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Keywords: HSBC
HSBC has announced that it has almost completed a comprehensive review of its lending policies and practices following a significant financial setback linked to fraud in its UK operations. The bank recently set aside a provision of around $400 million after identifying losses associated with suspected......
The financial authorities of Hong Kong have issued their first licences for fiat-backed stablecoin issuance, marking a significant milestone in the city’s strategy to develop a regulated digital currency ecosystem. The Hong Kong Monetary Authority confirmed on Friday that it has approved HSBC......
HSBC has named its first Chief Artificial Intelligence Officer as part of a broader strategy to enhance efficiency and modernize its global operations. The move reflects the growing importance of artificial intelligence in the banking sector, where institutions are increasingly investing in advanced......
In the rapidly evolving world of electric vehicles (EVs), Xiaomi, the Chinese tech giant, is making waves with its audacious foray into the automotive industry. After successfully launching its first EV lineup, the SU7 series, the company is already setting its sights on an even more ambitious target:......