HSBC

British multinational bank

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Ida Liu takes the helm at HSBC after departing Citigroup
business Apr 27, 2026, 2:00 AM
Ida Liu takes the helm at HSBC after departing Citigroup
  • Ida Liu joined HSBC in January 2026 as CEO of its private banking division after leaving Citigroup.
  • Her departure from Citigroup marks a significant shift in her career as she focuses on Asian wealth management.
  • With Liu's leadership, HSBC aims to enhance its position in the Asian wealth market.
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HSBC reviews insurance arm while prioritizing Singapore market
business Jan 16, 2026, 9:10 AM
HSBC reviews insurance arm while prioritizing Singapore market
  • HSBC is reviewing its insurance business in Singapore as part of a global simplification strategy.
  • The review may include a sale of HSBC Life Singapore, which could value over one billion dollars.
  • Despite this review, Singapore remains a priority market for HSBC with plans to continue offering leading insurance products.
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Brendan Nelson takes over as HSBC group chair amid major changes
business Dec 3, 2025, 8:00 AM
Brendan Nelson takes over as HSBC group chair amid major changes
  • Brendan Nelson has been appointed as the group chair of HSBC after serving as the interim chair since October 2025.
  • He succeeds Sir Mark Tucker who left the position after nearly eight years at the helm of the bank.
  • This transition occurs as HSBC aims to cut costs by $1.5 billion and respond to pressures from major shareholders.
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George Osborne pitches to replace HSBC chair amid chaotic succession process
business Nov 27, 2025, 11:05 AM
George Osborne pitches to replace HSBC chair amid chaotic succession process
  • HSBC Holdings is seeking a new chair to succeed Sir Mark Tucker, with candidates including George Osborne.
  • George Osborne has advised HSBC on major strategic initiatives and intervened in legal matters.
  • The appointment of the new chair reflects HSBC's focus on governance and strategy as it navigates market challenges.
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OpenAI faces $207 billion funding shortfall by 2030
business Nov 26, 2025, 1:00 AM
OpenAI faces $207 billion funding shortfall by 2030
  • OpenAI is projected to face a funding gap exceeding $200 billion by 2030.
  • Despite rapid revenue growth, the company's projected costs will continue to outweigh its income.
  • OpenAI's financial health is critical not just for the company, but for the broader AI ecosystem.
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George Osborne emerges as surprise candidate for HSBC chairmanship
business Nov 14, 2025, 7:24 PM
George Osborne emerges as surprise candidate for HSBC chairmanship
  • George Osborne is one of three candidates for the HSBC chairmanship alongside Naguib Kheraj and Kevin Sneader.
  • The bank has been under scrutiny for its chaotic succession process after Sir Mark Tucker stepped down in September.
  • Osborne's inclusion is surprising due to his lack of public company chairmanship experience, raising questions about his suitability for the role.
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