The FTSE 100 Index has pulled back over the past few days, falling from this month's high of 10,891 to its current level of 10,670. The retreat continued this week as top companies like Barclays released their earnings and crude oil prices jumped.
Gold will continue to benefit from the debasement trade despite its recent weakness, but precious metals investors would do well to diversify, as the yellow metal hasn't provided effective protection against recent stock market pullbacks, according to market strategists at HSBC Asset Management.
NEW YORK--(BUSINESS WIRE)--Affluent Americans say they need $2.6 million to retire comfortably, according to new HSBC research conducted by Ipsos. This savings target is up 26% over last year. The survey of 9,993 affluent and high-net-worth investors across 10 markets1 finds that US respondents have saved just 52% of that goal on average, revealing a significant gap between retirement expectati...
NEW YORK--(BUSINESS WIRE)--Wealthy US entrepreneurs are putting AI at the center of their growth strategies, with nearly all already changing or planning to change how they operate their businesses as a result, according to HSBC's Global Entrepreneurial Wealth Report 2026. The study surveyed 3,085 high net worth and ultra-high net worth business owners worldwide. In the US, 94% of entrepreneurs...
HSBC is planning sweeping job cuts across its UK wealth management business, including a sharp reduction in financial advisers and specialist staff, as part of a broader push to use artificial intelligence, the Financial Times reported on Wednesday.
ABU DHABI, United Arab Emirates & SINGAPORE--(BUSINESS WIRE)--Ant International announced an expanded collaboration with HSBC to enhance real-time treasury management services in the Middle East.
HSBC is expanding its technology, media and telecommunications investment banking franchise with a senior hire, Paras Jain from Cantor Fitzgerald, according to people familiar with the matter.
HSBC is re-entering India's equity broking business after an absence of more than a decade, seeking to capitalise on a robust pipeline of share sales and rising demand from wealthy clients for equity market products, two people with direct knowledge of the matter said.
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