Hints and tips:
...Aviva Investors, Fidelity International and HSBC Asset Management are among those leading the push to influence technology businesses to commit to ethical AI....
...And again, it’s a bit of a lesson in does it make sense for banks to be heavily concentrated on one industry or does it make more sense for them to be more of a full service bank like HSBC, where you can...
...However, it will take two years or more to fully wind down its stock of deposits, mortgages, credit cards and small-business loans....
...I moved to the US and I was at HSBC, and here I am 16 years later — despite their service level being really poor in the US — still with HSBC....
...Since the beginning of October, Maga Inc, a newly created Trump super Pac, has spent $8.5mn on ads in Ohio, Pennsylvania, Georgia, Nevada and Arizona....
...We are a software as a service business. We charge banks a transactional fee. Every loan that we analyse is a transactional charge....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...Sales requiring mortgage finance are particularly at risk since banks will not approve a mortgage until the permit has been obtained, he says. “The industry was caught unaware....
...He joins in London from HSBC, where he was a managing director of global banking....
...He focused it more on wealthier customers and pared back its presence in mass market consumer finance services....
...In terms of numbers, HSBC’s update was quite bad....
...For example, mortgage lending tends to be viewed as safe, and mortgage oriented banks reflect that in their (usual) valuation premia....
...“Yet [regulators] seem reluctant to regulate or intervene to supervise these key service providers directly.”...
...With the slowest profit recovery in Business Services, we initiate at Underweight....
...A money-laundering scandal earlier in the decade, culminating in $1.9bn of fines in 2012, as well as smaller run-ins with the authorities in foreign-exchange trading and mortgages, kept the team focused...
...HSBC has had a chequered history in the US, owing in large part to its disastrous acquisition of subprime lender Household in 2003; after the US mortgage bubble burst in 2008, the bank wrote off more than...
...WPP will also reduce is planned capex from £400m to v£300m....
...to services for retirees....
...Simon Wells, chief European economist at HSBC: The UK is experiencing two large economic shocks: Covid-19 and a fairly hard Brexit....
...However, for RBS and HSBC, NII guidance already included a 25bp rate cut so the impact on consensus EPS would be smaller....
...The former mortgage trader has warned that many financial services companies were too complacent about the threat of disruptive technology and new entrants....
...HSBC, which already has a big French operation, is moving as many as 1,000 jobs there from London....
...With assets of $2.6tn and more than a quarter of a million staff, only China’s Big Four lender and HSBC are larger....
...It later emerged that Mr Stevenson had been approached to take over as chief financial officer at FTSE 100 rival HSBC....
...HSBC, Investec, BlackRock, Deutsche Asset Management, Schroders, Aberdeen Asset Management and Lyxor are among the financial institutions that have bought or invested in robo-advice....
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