HSBC’s CFO just said the bank would turn to AI to cut costs. Now the bank is reported to consider 20,000 job cuts.
The bank is considering to get rid of roughly 10% of its total workforce, as the bank is focused on “staff-related inflation.”
The bank is considering to get rid of roughly 10% of its total workforce, as the bank is focused on “staff-related inflation.”
TCW CEO Katie Koch sees buying opportunities in private credit even amid concerns about the disruptive effect of AI on software companies, which are widely financed by private credit. “As the crowds go for the exit, this is actually the moment where people should be buying,” Koch says on Bloomberg Television. (Source: Bloomberg)
Money markets show chance of rate cut in 2026 is essentially a coin flip.
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