News list for "HSBC"
HSBC said it still expects the Federal Reserve to cut interest rates by 75 basis points in 2025.
HSBC forecasts that the S & P 500 index will target 6,700 points by the end of 2025.
HSBC said it expected the S & P 500 to target 6,700 by the end of 2025.
On November 29th, it was reported that HSBC will withdraw from its credit card business in China. The bank has stopped issuing new cards and is trying to scale back the services it provides to most customers in China. According to people familiar with the matter, HSBC has previously tried unsuccessfully to sell the business and now plans to end the business and may continue to provide credit card services to a small number of high-end customers. In a statement to the media, an HSBC spokesperson ...
TradFi giant HSBC is participating in Hong Kong's e-HKD pilot by creating tokenized HKD cash deposits on Polygon PoS. They are also developing HSBC Pass, a decentralized identity solution that won the Red Dot Award for 2024.
HSBC is participating in Hong Kong's Electronic Hong Kong Dollar (e-HKD) pilot program by creating tokenized Hong Kong dollar cash deposits on the Polygon PoS blockchain. HSBC has also developed HSBC Pass, a decentralized identity solution that won the Red Dot Design Award 2024.
HSBC and Ant International today announced the successful completion of a HKD interbank test transaction under the Ensemble project sandbox of the Hong Kong Monetary Authority. This is the first use case in the Ensemble sandbox trial to successfully implement a HKD interbank test transaction under the theme of liquidity management. The Ant International and HSBC use case combines the networks of HSBC and Hang Seng Bank with Ant International's Whale platform to support 24/7 real-time interbank t...
HSBC said the dollar could rise if the Federal Reserve cuts interest rates by 25 basis points on Wednesday and signals further gradual easing. Whether the Fed will cut rates by 25 basis points or 50 basis points is difficult to say, HSBC FX analyst Paul Mackel said in a note. "HSBC Economics expects the Fed to start with a 25 basis point rate cut, while hinting at further easing in the future, but not by much." Mr. Mackel said the situation would move the dollar "towards a better base...
According to a live report, Liu Yanqi, head of global digital currency at HSBC, pointed out at the roundtable forum entitled "Looking at the possible path of future RWA links to new global opportunities": There are still many challenges in the tokenization of real estate assets, such as compliance issues, asset operation, data transmission, and especially cross-border issues. In the short term, we find that familiar financial products such as traditional bonds can be implemented; in the medium a...
HSBC announced that it has become one of the first Financial Institution Groups to explore use cases under the Ensemble project led by the Hong Kong Monetary Authority, and has completed a Proof-of-Concept on the use cases. The Ensemble project initially focuses on establishing relevant mechanisms to conduct interbank settlement of tokenized deposits through wholesale-level central bank digital currencies (wCBDC), in order to enhance the smoothness of the process, while promoting token...
HSBC raised its average silver price forecast for 2024 and 2025 to $27.40 and $28.50 per ounce, respectively.
HSBC said equity cycle models suggest that US equity markets are now in "sell-off" mode, which typically lasts for a month, with the S & P 500 down an average of 10 per cent. Strategists, including Duncan Toms and Max Kettner, wrote that there was room for further development in the broad US equity correction. They said "sell-off" periods tend to be relatively short-lived and may present opportunities to increase risk exposure at least tactically, but that this is not the time yet, as sentiment ...
HSBC Australia has informed customers that it has started blocking payments to cryptocurrency exchanges from July 24. The bank said the reason for taking this action was fraud. In an email sent to customers on July 24, HSBC Australia explained its "new security measures". "From July 24, 2024, HSBC will block payments from bank accounts and credit cards that we have reason to believe are being made to cryptocurrency exchanges to protect your security," the bank said. The email...
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