HSBC expands tokenized asset strategy following successful gold token introduction
One of the major global banking institutions, HSBC, has a strategy to grow its range of tokenized assets. The South China Morning Post reports that CEO Noel Quinn stressed the bank’s desire to make these new offerings in line with the ‘real world.’ Though the bank has researched tokenization, the bank wants to dissociate itself […]
Ripple targets $10 trillion market with Metaco and HSBC deal
Ripple’s Chief Technology Officer, David Schwartz, has shed light on the company’s ambitious foray into the crypto custody market, which is projected to be worth $10 trillion by 2030. This revelation came during Schwartz’s interview on the Thinking Crypto Podcast, where he discussed Ripple’s recent acquisition of Metaco and its partnership with the global banking […]
Global banking giant HSBC expands digital asset services
Global banking giant HSBC has revealed its plans to introduce a custody platform for tokenized securities, often referred to as security tokens. In a strategic move aimed at meeting the evolving demands of institutional investors, HSBC has joined forces with Metaco, a tech firm owned by Ripple. The partnership aims to integrate Metaco’s institutional platform, […]
HSBC set to debut crypto custody for institutions
As the financial world briskly pivots towards digital innovation, HSBC is not sitting on the sidelines. The banking giant is forging ahead with plans to unveil a pioneering digital asset custody service tailored specifically for the institutional market. This bold stride sees HSBC harnessing the technological prowess of Ripple-owned Metaco, marking a significant milestone for […]
JPMorgan & HSBC eyeing Metro Bank? An inside look
A swirl of rumors and speculation has engulfed Metro Bank as financial giants from both sides of the Atlantic seemingly vie for its acquisition. Even the mighty JPMorgan Chase momentarily toyed with the idea of swooping in for Metro Bank, only to pull back just as abruptly. The intrigue doesn’t end there. Temptations and Hesitations […]
HSBC’s H1 net profit more than doubles – What’s next?
The financial world is always on the lookout for a success story, and HSBC’s latest report is nothing short of triumphant. As Europe’s largest bank by assets, HSBC’s net profit soared to a staggering $18.1 billion in the first half of this year, a leap that more than doubled the $9 billion from the same […]
HSBC slashes mortgage rates, sets new trend
Leading the way in an unexpected turn of financial events, HSBC, one of the major lending institutions in the United Kingdom, has boldly cut its fixed-term mortgage rates. This audacious move sparks a glimmer of hope amidst homeowners grappling with near-7% borrowing costs. HSBC breaking from the pack HSBC, the country’s sixth-largest bank, made public […]
HSBC’s quantum-safe network shakes up UK banking
From the misty avenues of London, a remarkable technological evolution is taking shape in the world of finance. As the city’s double-decker buses and black cabs proceed with their routine buzz, an extraordinary narrative unfolds at the headquarters of HSBC. This tale is one of financial institutions stepping into the quantum era, spearheaded by HSBC’s […]
Crypto boom in Hong Kong puts major banks in a dilemma
With the surging popularity of cryptocurrencies, Hong Kong finds itself in the center of a global shift. The escalating growth of the digital coin market in this financial powerhouse has placed significant banking institutions, such as HSBC and Standard Chartered, in a complex quandary. Between a rock and a hard place These banks have to […]
Europe’s largest bank says US will enter recession this year
Economic alarm bells are ringing loudly in the ears of major financial institutions. HSBC Asset Management, a division of Europe’s largest bank, warns that the United States is poised to descend into a recession before the close of this year. Not only that, but this fiscal downturn, it suggests, could be a foreboding precursor to […]
Hong Kong’s largest bank now offers crypto services
In a significant development, Hong Kong’s premier banking institution, HSBC, now provides services allowing customers to trade Bitcoin and Ethereum Exchange-Traded Funds (ETFs). This momentous occasion marks the first time a bank in Hong Kong has ventured into the ETF crypto market, pioneering a new era in financial services in this vibrant city. A game-changer […]
Silicon Valley Bank England will get a new name
As the winds of change blow across the financial landscape, Silicon Valley Bank’s UK branch is poised to assume a new identity. The transformation is expected to be formalized in the coming month, with the once-innovative powerhouse transitioning into HSBC Innovation Banking, a move likely to stir excitement and speculation in equal measure. From Silicon […]
Hong Kong enlists HSBC, Visa, and more to test digital currency
Hong Kong has taken a step towards digital currency innovation with the launch of a pilot program to test an electronic version of the Hong Kong dollar, the e-HKD. The city has enlisted 16 firms, including banking giant HSBC Holdings Plc, the local branch of Bank of China Ltd., Alipay, a leading e-payment provider, and […]
5 major banks raided by French authorities in €100 billion fraud investigation
French and German authorities have conducted multiple raids on banks in Paris as part of an investigation into a suspected fiscal fraud and money laundering case that may have cost France and Germany over €100 billion ($108 billion). The searches executed in and around Paris involved four French and one international bank. However, this was […]
SVB UK staff receive £15M in bonuses following HSBC’s rescue
Silicon Valley Bank UK (SVB UK) has reportedly granted millions of pounds in bonuses to staff and senior executives, just days after being rescued by HSBC for a nominal sum of £1. According to unnamed sources cited by Sky News, HSBC UK Bank signed off on the bonus payouts earlier this week, with the pool […]
Shocking: HSBC acquires Silicon Valley Bank UK for just £1
In an all-night negotiation led by Prime Minister Rishi Sunak and the Bank of England, HSBC has become the leading bidder for Silicon Valley Bank’s UK arm. SVB UK was swept up in the implosion of California-based Silicon Valley Bank, which US regulators shut down on Friday. The bank’s UK arm has 3,300 clients, including […]
UK largest bank implement crypto purchase bans: Is the UK cracking down on digital assets?
HSBC Holdings, the UK’s largest bank, has prohibited customers from purchasing cryptocurrencies using their credit cards. Similarly, Nationwide has taken action against digital assets by implementing a £5,000 daily cap on cryptocurrency purchases made with debit cards. These reactions appear to be responses to recent industry scandals and regulatory warnings within the crypto industry. UK […]
The Sandbox and HSBC flop show
The Sandbox is a virtual universe in which gamers can construct, control, and monetize their own gaming experiences on the Ethereum blockchain. Sandbox aims to displace existing game developers by granting creators genuine ownership of their works in the form of non-fungible tokens (NFTs). Moreover, their reward structure has made them the most sought-after gaming […]
