HSBC and Ant Digital Technologies have tested autonomous AI agents that use tokenized bank deposits to perform real-time micropayments for digital services.
HSBC and Ant Digital Technologies have tested a system enabling AI agents to execute micropayments using tokenized deposits on a blockchain testnet.
HSBC is cutting 70% of its financial advisors in the wealth management division to prioritize AI-driven automation and reach a £100 billion asset target by 2028.
HSBC will cut 50% of management and 70% of financial adviser roles in its UK wealth unit as it pivots to an AI-driven service model.
HSBC has unveiled its Hong Kong-focused stablecoin, RedCoin, while simultaneously testing tokenized commercial bank money in the UK.
HSBC UK has restricted its Android banking app from operating within isolated environments like Samsung Secure Folder and Android Private Space to enhance security monitoring.
HSBC has revised its year-end forecast for 10-year Treasury yields to 4.65%, citing market cooling and shifting expectations for Federal Reserve policy.
HSBC raised its 2026 Brent crude price forecast to $90 per barrel, citing supply disruptions in the Strait of Hormuz and the collapse of diplomatic efforts.
Brent crude oil prices have climbed above $102 per barrel, leading HSBC to revise its price forecast upward amid rising geopolitical tensions in the Middle East.
HSBC's Global CIO Willem Sels believes US stocks are undervalued due to the market's failure to price in AI-driven productivity gains.
