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Exports of high-tech products will grow more quickly than exports of other goods over the next 15 years as emerging Asia moves away from being a low-cost production hub for foreign brands and toward developing value-added local products, according to research from HSBC.
HSBC Holdings Plc told its staff to stop posting on all the bank’s social media accounts over fears of "negative reactions” to the revelations in leaked suspicious activity reports.
Andy Maguire faces a challenge: tasked with upgrading HSBC Holdings Plc’s digital-banking systems, he has discovered that customers are twice as likely to trust a robot for heart surgery than for picking a savings account.
HSBC said on Jan 5 online banking was returning steadily to service after a blackout affected its customers in Britain.
HSBC Holdings Plc has partnered with Silicon Valley-based artificial intelligence startup Ayasdi Inc to automate some of its compliance processes in a bid to become more efficient.
HSBC's retail banking and wealth management head John Flint expects banks to partner more with financial technology (fintech) companies in the coming years to help meet changing demands from customers.
HSBC, Europe's largest bank, was to begin laying off 850 information technology workers in Britain on May 16, the first big tranche of redundancies under a restructuring plan that will eliminate 8,000 British jobs by the end of next year.