HSBC’s U.K. headquarters are seen at the Canary Wharf financial district of London on July 31, 2018. Tolga Akmen | AFP | Getty Images LONDON — HSBC CEO Noel Quinn said Tuesday that the lender would not “exit a client based on their lawful personal views,” after Coutts’ termination of …
Read More »U.S. House committee flags MSCI, BlackRock for China investments
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters BEIJING — U.S. investments in around 50 blacklisted Chinese companies have drawn the attention of the U.S. House of Representatives Select Committee …
Read More »Here are the world’s top 200 fintechs: CNBC and Statista
From across the globe, spanning a diverse range of applications in finance — these are the world’s top 200 fintech companies. Together, CNBC and independent market research firm Statista worked to compile a comprehensive list of companies building innovative, tech-enabled and finance-related products and services. related investing news The partnership …
Read More »China turns to rural tourism and smart appliances to boost consumption
Tourists at a water park on July 23, 2023 in Nanjing, China. Yang Bo | China News Service | Getty Images BEIJING — Instead of handing out cash, China is trying to make sure consumers and businesses spend where it matters economically. On Monday, the central government announced 20 measures …
Read More »Coinbase, SoFi, DoorDash and more
The Rivian name is shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. Mike Blake | Reuters Check out the companies making headlines in midday trading. Toyota Motor — Shares rose 1.7%, hitting a new 52-week high, after the company reported a revenue …
Read More »Some crypto assets are securities in Kwon Luna case: Manhattan judge
Hon Chang-joon, business partner of Do Kwon, the cryptocurrency entrepreneur who created the failed Terra (UST) stablecoin, is taken to court in Podgorica, Montenegro, March 24, 2023. Stevo Vasiljevic | Reuters Cryptocurrencies are considered securities regardless of how they are sold, a Manhattan federal judge said in an opinion, allowing the …
Read More »Stocks making the biggest moves premarket: UBER, GAP, CAT
People walk by a Gap retail store on August 24, 2022 in Beijing, China. VCG | Getty Images Check out the companies making headlines before the bell on Tuesday. SoFi Technologies — The financial technology stock dropped 3.7% after KBW analyst Michael Perito downgraded the stock from underperform from market …
Read More »HSBC sees 89% YOY rise in Q2 pre-tax profit, beating analysts’ expectations
An HSBC Holdings bank branch in Hong Kong on May 24, 2022. A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business. Bertha Wang | Bloomberg | Getty Images HSBC on Monday reported a second …
Read More »SOFI, ON, DIS, SG and more
Pedestrians walk by the SoFi Technologies headquarters on February 22, 2022 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. SoFi Technologies – Shares of the fintech company popped more than 18% after it reported second-quarter results and lifted its full-year …
Read More »A.I. could affect many white-collar, high-paid jobs
Tomml | E+ | Getty Images The notion of technological advancement upending the job market isn’t a new phenomenon. Robots and automation, for example, have become a mainstay of factory floors and assembly lines. And it has had various effects on the workplace, by displacing, changing, enhancing or creating jobs, …
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